Changes annually July 1st. Changes annually July 1st. Changes annually July 1st. Based on Prime Rate. Based on Prime Rate.
Government pays the interest while student is in school and during grace period.
Interest accrues from time of disbursement. Students can defer interest payments until after graduation or dropping below half-time. Interest accrues from time of disbursement. Interest accrues and may be deferred. Interest accrues and may be deferred.