Federal Family Education Loan (FFEL) Programs

Federal SUBSIDIZED
Stafford Loan

Awarded on the basis of financial need. The federal government pays your interest while you are in school or during your grace period.

Federal UNSUBSIDIZED
Stafford Loan

Not awarded on the basis of financial need. The federal government does not pay the interest. You are responsible for paying the interest on an unsubsidized loan while in school, during the 6 month grace period, during deferment periods and during repayment. You have the option of postponing interest payments while in school. However, be advised that the interest continues to accrue and any unpaid interest will be capitalized (added to the principal of loan) as you enter repayment.

Federal PLUS Loans (Parent Loans)

Parents of dependent undergraduate students with a good credit history may apply for the PLUS loan. Loan amount cannot exceed cost of attendance minus other financial aid. Repayment starts within 60 days after the loan is fully disbursed.