Please note that loan programs can be complex and are frequently updated, so potential borrowers should request detailed descriptions prior to applying for a loan. Must not be in default of prior loan. Complete and sign promissory note. Award will be credited to student s account. Must be U.S. citizen or permanent resident.
Federal government pays interest while student is in school.
Student begins repayment of principal and interest six months after leaving school. Same as subsidized Stafford Loan. Same terms and conditions as Direct Stafford Loan except borrower is responsible for in-school interest. Repayment of interest may be deferred as long as student is enrolled at least half time. Must be a U.S. citizen or permanent resident.