Subsidized Stafford eligibility is based on need, class standing and the cost of attendance. Stafford Loans are provided by private lenders such as banks to students with demonstrated need. Repayment of a Subsidized Federal Stafford Loan begins six months after a student graduates or is no longer enrolled at least half-time. A three percent loan origination fee will be deducted from the principle. Unsubsidized loans are charged interest from the time the loan is disbursed until it is paid in full.
Students can choose to make interest payments or allow the interest to accumulate.
If the interest is allowed to accumulate, the interest will be capitalized. Unsubsidized Stafford eligibility is based on class standing and the cost of attendance. Stafford Loans are provided by private lenders such as banks. Repayment on the principle begins six months after a student graduates or is no longer enrolled at least half-time. A three percent loan origination fee will also be charged.