Keep in mind that the priority deadline for financial aid is early March. You will not be considered for financial aid until you have applied to the program. In most cases, fully employed students are only eligible for Stafford loans as summarized below. There are two types of Stafford loans, subsidized and unsubsidized. If the borrower has a balance remaining on a prior Stafford loan, interest rates will vary in accordance with prior loan terms and current Stafford regulations.
Federal government pays interest while borrower is in school.
Borrower is responsible for interest while in school. P.H., Program Director, Kirstin Chickering , Program Manager or Leslie Rowen , Associate Program Manager.