Loans are made by a lender such as a bank or credit union. These loans are insured by the guarantee agency in each state and reinsured by the Federal Government. You must repay this loan. Federal Unsubsidized Stafford Loan Eligible students can receive the Federal Unsubsidized Stafford Loan regardless of family income. The term unsubsidized means that interest does accrue while you are enrolled.
Interest begins accumulating immediately.
A number of repayment options are available. You must repay this loan. The maximum is the most a student might be able to borrow. The school is your lender. The loan is made with government funds with a share contributed by the school.