In addition, these loans require enrollment in at least 6 credit hours per semester. The interest rate on these loans is federally subsidized while you are in school. The unsubsidized loan is available to students who may not qualify for a subsidized loan. Stafford loans through banks or credit unions require a separate application, available at all campus financial aid offices. Federal Stafford Plus Loans are unsubsidized long term loans for parents of dependent students.
Interest begins to accumulate at the time the first disbursement is made.
The first payment is due within 60 days after the final loan disbursement is made. The yearly limit on a Plus is equal to your cost of attendance minus any other financial aid you get. The LEAP Grant is funded by the State of Arizona. In order to qualify for the LEAP Grant, you must be an Arizona resident, show financial need and be enrolled in at least 6 credit hours during a semester. These grants do not need to be repaid.