Refer to the subsidized Federal Stafford Loan limits. If you borrow under both the subsidized and unsubsidized programs, the combined total cannot exceed the Federal Stafford Loan annual limits. Unlike the subsidized Federal Stafford Loan, the federal government does not pay interest on your behalf. You must pay or capitalize the interest that accrues on your unsubsidized loan during the time you are enrolled in school, during your grace period, and during any period of deferment or repayment. Capitalize means that accrued interest will be added to the principal balance of your loan.
Interest begins to accrue on the day the loan is disbursed.
Repayment of principal begins 6 months after you cease to be enrolled at least half-time. The repayment period generally lasts at least 5 years but no more than 10 years. Under the Federal Family Education Loan Program, the parents of dependent students may borrow student loans. Parents who borrow must commence repayment 60 days after loan funds are disbursed. Maximum repayment period of 10 years.