Subsidized Loans are available to students who, in addition to the criteria listed in Loan Process , demonstrate financial need. Under the Subsidized Stafford Loan program, interest is not charged on the loan during periods of at least half-time enrollment. Federal Stafford Unsubsidized Loans are available to students who meet the criteria listed in Loan Process . Unlike the Subsidized Stafford Loan, interest on the Unsubsidized Stafford Loan begins from the date the loan is disbursed until it is paid in full. Federal PLUS Loans are available to the parents of dependent undergraduate students who cannot meet all of their financial obligations with other financial aid.
PLUS loans are limited to the cost of attendance less any financial aid received by the student.
Repayment on a PLUS loan begins 60 days after the second disbursement. The interest rate on Stafford and PLUS loans is variable. The amount students may borrow is limited not only by their cost of education, but also by their grade level and dependency status. This includes debt incurred as an undergraduate. Students are encouraged to meet our Priority Filing Date of March 1.