Eligibility is also based upon financial need and funding availability. The interest is paid by the government while the student is enrolled full-time. Repayment of principle and interest begins 6 months after the student graduates or terminates. Stafford Unsubsidized Loan is a loan program created for all students regardless of income. The difference is that only the principle may be deferred while the student is enrolled, the interest may not be deferred.
Students pay interest charges while enrolled, or have the interest capitalized.
Complete and submit the free application for Federal Student Aid. Attain and retain satisfactory progress in accordance with policy. Not owe a refund on a Federal Pell Grant, Tennessee Student Assistance Award, Federal Supplemental Educational Opportunity Grant, or a Byrd Scholarship, and sign a statement to that effect. Have a signed statement of updated Information. Provide verification of a High School Diploma, GED, or be beyond the age of compulsory school attendance in Tennessee, and have the ability to benefit from the education or training offered.