Government pays all interest during in-school and grace periods and during an authorized deferment period. Same as Federal Subsidized Stafford Loan. Interest accrues from time of disbursement but students can defer interest payments until after graduation or dropping below half-time. Interest is capitalized. Variable rate loan, changes annually on July 1 st .
Interest accrues from time of disbursement but can defer if parent qualifies.
Same as Federal Subsidized Stafford Loan Program. First payment is due within 60 days after disbursement, but can be deferred if parent qualifies. Repayment Program Maximum 25 years to repay. Standard, graduated and income-sensitive payment plans available. Maximum 25 years to repay.