All students eligible. Based on student's grade level and type of school.
Government pays interest during school, grace and deferment periods.
Borrower pays interest during school, grace and deferment periods. Or the interest accrues and is added to the principal at repayment. Repayment begins immediately after disbursement. Additional federal unsubsidized loans may be obtained by independent students or by dependent students whose parents are not eligible for PLUS loans.