Repayment begins after you graduate, leave school, or drop below half time. The Federal Direct or Guaranteed William D. Ford loan can also be an Unsubsidized Loan. It is available to students regardless of need but interest is charged to the students while in school. A student may choose to make the interest-only payments on the unsubsidized loan. or allow the interest to be added to the loan principal and then pay both principal and interest after leaving school. Federal Plus loans are available to parents of dependent students.
Parents are responsible for all interest charges.
Repayment begins 60 days after loan disbursements. Federal Pell Grant is awarded to exceptionally needy undergraduate students. Part-time enrollment reduces eligibility. Must be enrolled at least half-time. This aid can be need-based or it can be merit based.