The interest rates are adjusted annually on July 1 and capped at 8.25 percent during repayment . Borrowers do not need to begin repaying unsubsidized Stafford Loans until six months after leaving school, but they are responsible for the interest from the day the loan is made. Borrowers can pay intere st while in school, or let the interest accrue and pay it as part of the new principal after leaving school. Maximum Annual Limits Cumulative Program Limits Subsidized Stafford based on financial need. This interest rate does not include WSF's cost-saving benefits.
Government pays the interest on behalf of the borrower while in school, grace and deferment.
The graduate debt limit includes any Stafford Loans received for undergraduate study. Unsubsidized Stafford not based on financial need. This interest rate does not include WSF's cost-saving benefits. Borrower pays accumulated interest. The financial aid office at the student's school will determine eligibility for a subsidized or unsubsidized Stafford Loan.