Must not be in default of prior loan. Complete and sign promissory note. Award will be credited to student s account. Must be U.S. citizen or permanent resident. Federal government pays interest while student is in school.
Student begins repayment of principal and interest six months after leaving school.
Same as subsidized Stafford Loan. Same terms and conditions as Direct Stafford Loan except borrower is responsible for in-school interest. Repayment of interest may be deferred as long as student is enrolled at least half time. Must be a U.S. citizen or permanent resident. Students who do not qualify for maximum subsidized Stafford can make up the difference in an unsubsidized loan.