Grants are based on the funds available and do not have to be repaid. William D. Ford Federal Direct Loan Program - Subsidized Federal Stafford Loan. These low-interest loans are available to those who qualify through the lending institutions or agencies participating in the program. Repayment starts six months after the student drops below half-time status, terminates training, or graduates. The Unsubsidized Stafford Loan provides additional funds to help students pay for educational expenses, such as tuition, books and supplies.
Interest is charged from the time the loan is disbursed and until it is paid in full.
All Education America Schools Participate in PLUS Loans PLUS Loans enable parents with good credit histories to borrow to pay the education expenses of each child who is a dependent undergraduate student enrolled at least half time. Most of the benefits to parent borrowers are identical in the two programs. For more information on these loan programs, contact the school of your choice. Winners may choose any of the Degree granting programs offered by the school. High school seniors may obtain scholarship applications from a participating high school guidance department or they may call the school for an application.