Participating schools serve as agents for subsidized and unsubsidized Stafford Loans and Parent PLUS loans. Education loans made by private lenders and guaranteed by the state designated guaranty agencies on behalf of the federal government. Subsidized and Unsubsidized Federal Stafford Loans and Parent PLUS loans are included in this program. It may include federal, state and private aid such as grants, loans, work-study, and scholarships. This is the difference between the Cost of Attendance and the Estimated Family Contribution and is used in determining what the student's aid package will be.
Interest continues to accrue on the loan during the forbearance period.
For undergraduate students, this is usually a minimum of 12 semester hours of enrollment in a degree-granting program. This formula is used in making allocations of federal aid and, at some colleges and universities, for making institutional aid decisions as well. Certificate This is a certificate students receive if they've passed a specific, approved high school equivalency test. Students who don't have a high school diploma but who have a GED may still qualify for federal and state student aid. Grant Financial aid awarded on the basis of need or merit that the student is not obligated to repay.