The number of students awarded and the amount of the award is dependent upon annual legislation and the need of the individual student. An employment program for students with a demonstrated need. The number of students who qualify and the number of hours awarded is dependent upon annual legislation. Subsidized Federal Stafford Loan Program. Students may borrow from an eligible lending institution such as a bank, savings and loan, credit union, or loan association.
Previous borrowers continue under the same terms as their previous loans.
Unsubsidized Federal Stafford Loan. This loan has the same conditions as the subsidized Federal Stafford Loan but is not based on need. This loan can replace the expected family contribution. Interest may be charged to the student or it can be capitalized. Application is the same as the Subsidized Stafford Loan.