Search results
In this chapter, we’ll cover the process of making a loan, describing the actions and information required of the student and the school. The order of the elements that we list below may vary from school to school or between the two programs, but each of the elements is required to make a loan.
SUBSIDIZED AND UNSUBSIDIZED LOANS The federal government pays the interest on a subsidized student loan during in-school status, grace periods, and authorized deferment periods. To qualify for a subsidized Stafford Loan, a student must have financial need. A borrower unable to qualify based on need for a subsidized Stafford Loan may apply for ...
The MPN and the Stafford/PLUS Loan Process. In this chapter, we’ll cover the process of making a loan, describing the actions and information required of the student parent, and school.
Stafford Loan. The term “Stafford Loan” may refer to a subsidized or unsubsidized Federal Stafford Loan that was made to students attending schools that previously participated in the Federal Family Education Loan (FFEL) Program.
12 wrz 2023 · Stafford loans are a type of federal student loan that are either subsidized, meaning the government pays the interest while you're in school, or unsubsidized, meaning you pay all the interest. Stafford loans are a type of loan issued under the Federal Family Education Loan Program (FFELP).
Federal Direct Stafford Loan. Those who qualify for need-based aid may borrow a subsidized Stafford Loan, and students who do not qualify may borrow an unsubsidized loan. Stafford loans are entirely in the student's name.
Both Direct Subsidized Loans and Direct Unsubsidized Loans. are federal student loans offered by the U.S. Department of Education (ED), require you to be enrolled in school at least half-time to be eligible, and; offer a six-month grace period before you’re required to start repayment.
