The loan is interest free as long as student is enrolled at least half time at an eligible institution. Loan eligibility is based on need. Federal Stafford Loan available to undergraduate and graduate students.
Students borrow the money from a bank, credit union or savings and loan association.
To be eligible, students must show financial need. The loan is interest free as long as student is enrolled at least half time. This loan is not based on need. Provisions of this loan are the same as Stafford Loan except the student is responsible for the interest while in school. The annual loan amounts apply to the total amounts borrowed in both the Stafford and Unsubsidized Stafford.