It is awarded to Pell eligible students. There is no repayment. The grant is for students with exceptional need. Grant is administered by college financial aid office. Federal Stafford Loans are low interest loans to undergraduate and graduate students enrolled at least half-time.
Students can receive subsidized and non-subsidized loans for the same period.
Awarded to students with financial need. Borrowers need not begin to repay until 6 months after leaving school. The government covers the interest in the interim. Available to all students regardless of income. The terms are similar to Subsidized Stafford, except borrowers are responsible for paying all of the interest.