Federal Stafford Unsubsidized Loans are available for students who do not qualify for a portion or all of the annual limit on the Federal Stafford Subsidized Loan. Students applying for this loan should be aware that interest accrues on the loan from date of disbursement and that the student is responsible for the interest payments while in school. Parents may borrow up to the cost of attendance minus any other financial aid the student will receive. Parents must complete a Federal PLUS Loan data sheet, this form is available under our 2001-02 Forms link. PLUS loans are subject to a credit check.
Interest begins to accumulate on the date of the first loan disbursement.
The repayment period begins on the date the loan is fully disbursed. The first payment is due within 60 days after the final loan disbursement. After you complete the online interview, enter the necessary information and choose Auburn University from the menu. At this time, information regarding your rights and responsibilities relative to the repayment of your loan will be provided. When your grace period ends and your loan becomes due, you will be sent a repayment schedule from your lender outlining the monthly principal and interest payments and number of months required to repay your loan balance.