Unsubsidized means that the Federal Government is not deferring interest and it is accumulating while you are in school. You may be eligible for either subsidized funds, unsubsidized funds, or a combination of both. Federal Stafford Loan limits are set by the Federal Government and based on a student's classification as freshman, sophomore, etc. Federal Stafford Loans for one semester are sent in one disbursement. Each disbursement will reflect the approved loan amount less lender fees.
Monthly payments vary based on the total amount owed.
The standard period for repayment is a maximum of 10 years. Federal Stafford Loan Entrance Counseling Student loan entrance counseling is required of all recipients of Federal Stafford Loans. If you have previously had student loan entrance counseling at FMU, you need not do so again. Students who are new to FMU or otherwise have not met this requirement must do so prior to receiving credit for a Federal Stafford Loan. Viewing the Student Loan Entrance Interview Video at the Cauthen Education Media Center or at FMU Registration.