No separate application is necessary. Variable rate adjusted annually on July 1. Repeat borrowers will maintain their existing interest rate. Interest and principal are subsidized by the government until student ceases to be enrolled at least half-time. Repayment begins 6 months after the student graduates, withdraws or stops attending school at least half-time.
Interest accrues during in-school period.
Combined totals of subsidized Federal Stafford and unsubsidized Federal Stafford are the same as Federal Stafford Loans. Variable rate adjusted annually on July 1. Repeat borrowers will maintain their existing interest rate. Interest and principal may be deferred until student ceases to be enrolled. Interest is not paid by the government.