If students withdraw from classes before the end of the term, they must still repay their loans. Subsidized If you meet certain financial need criteria, the federal government will pay the interest on your loan while you attend school at least half-time or during times when you qualify for an authorized deferment. Unsubsidized If you do not meet the financial need criteria to qualify for a subsidized loan, you can still apply for an unsubsidized loan. You are responsible to pay the interest while you are in school. If you cannot make the interest payments, the interest can be added to your principal balance through a process called capitalization.
Students can only borrow up to the Cost of Attendance for their program of study.
Check with the Financial Aid Office to see the Cost of Attendance for your program. You can only borrow one loan per academic level. This includes loans at previous institutions. If you're an undergraduate student and dependent on your parents, your parents may qualify for a Federal PLUS loan. You must be enrolled in an eligible school, and you and your parent who will be borrowing the money must be U.S. citizens.