Based on need Interest is paid by the federal government while you are in school.
Interest is paid by the student.
May be paid during school, or deferred until after. The interest rate on Stafford Loans is variable. Parents with a good credit rating may borrow a loan for their dependent student's educational costs. The amount typically offered is the same as the unsubsidized loan limit. Although the parents may borrow up to the cost of attendance minus financial aid.