Federal loans for students, both undergraduate and graduate, available from lenders who participate in FFELP or the Direct Program. Subsidized Federal Stafford Loans are made on the basis of financial need, and the government pays the interest while the student is enrolled. Interest is variable based on the 91-day Treasury bill rate as of July 1 prior to the academic year plus 1.74%, capped at 8.25%. Repayment may take up to 10 years, but is deferred until 6 months after a student graduates, leaves school, or drops below half time status. Borrowers are charged a 3% origination fee and a guaranty fee of up to 1%, both deducted from the face value of the loan before disbursement. Students who do not qualify for a Subsidized Federal Stafford Loan, or who need additional funds, may borrow an Unsubsidized Federal Stafford Loan. Interest rates and repayment terms are similar to those of the Subsidized Federal Stafford Loan, with the exception that the government does not pay the interest while the student is enrolled or deferred.
a long-term, low interest loan available to students to help pay expenses related to attending a college or university
a low-interest, educational loan backed by the Federal and State governments to help students meet the costs of higher education
a low interest, federal loan awarded on the basis of need
a low-interest, government -insured education loan
a low-interest loan for both undergraduate and graduate students
a low interest loan made to students enrolled in an eligible program who are attending school at least half-time
a low-interest loan made to you by a lender such as a bank, credit union,
a low-interest loan with variable interest rates from year to year
a low-interest, long-term loan for undergraduate and graduate students
a low interest rate loan for students that can be
a low interest rate loan made to a student enrolled at least half-time
an affordable lending alternative to other high-interest financing options
a student loan that may be subsidized or unsubsidized depending on your financial need
A Federal Education Loan Program for students. Stafford Loans can be either government-subsidized, in which case the government pays any interest while the borrower is attending college, or unsubsidized, in which case interest begins to accrue when the loan is made.
This is a low interest loan made through a bank, credit union or savings and loan association for undergraduate or graduate level study. Although this is a federal program, it is administered by the state (AES/PHEAA).
a federal loan program that enables students to borrow from specific lenders and defer payments while still enrolled.
A federally guaranteed loan program that allows students to borrow funds from lenders. Stafford loans allow the student to defer payments while he/she is in school. The interest rate for new Stafford Loans is variable but will not exceed 8.25%.
A program in which a student may borrow a variable rate long-term educational loan from a financial institution. There are two types of loans in this program; a subsidized and an unsubsidized Federal Stafford loan (see the definition of each loan). The variable interest rate on both loans will not exceed 8.25% and is adjusted annually.
A FFELP loan that provides federally subsidized, low interest loans to students in undergraduate, graduate or professional programs. Subsidized loans are awarded on the basis of financial need.
A low-interest federally guaranteed loan for students. Stafford Loans are either subsidized (need-based) or unsubsidized (non-need-based). The government pays the interest on a subsidized loan while a student is in school plus a six-month grace period after leaving school. Interest accrues on unsubsidized Stafford Loans from the disbursement date. A student can receive a subsidized loan and an unsubsidized loan for the same enrollment period.
Low-interest loans that are made to students attending college at least half-time. Loans are made by a bank, credit union, or savings and loan association. These loans are insured by the guaranty agency in each state and reinsured by the federal government. The federal government pays the interest on the loan while the student is in college (subsidized), or the student is responsible for paying the interest (unsubsidized). Repayment rates will vary between the subsidized and unsubsidized loans under this program.
Long-term, low interest loans administered by the Department of Education through private guarantee agencies. Variable interest rate, not to exceed 8.25% (currently). Unsubsidized Federal Stafford Loans may be used to replace EFC.
This is a federal program based on need that allows students to borrow money for educational expenses directly from banks and other lending institutions (sometimes from the colleges themselves). The amount that may be borrowed depends on the student's year in school. The undergraduate loan limits for 2001-2002 are as follows: first year, $2,625; second year, $3,500; third and fourth years, $5,500; to a total amount as an undergraduate of $23,000. Independent undergraduates may borrow greater amounts. Graduate students may borrow $8,500 per year to an aggregate limit, including undergraduate borrowing, of $65,000. Loan limits are the same for borrowers of unsubsidized Federal Stafford Loans, or for borrowers of a combination subsidized/unsubsidized loan. Interest rates are variable.
Another federal program based on need that allows a student to borrow money for educational expenses directly from banks and other lending institutions (sometimes from the colleges themselves). These loans may be either subsidized or unsubsidized. Repayment begins six months after a student's course load drops to less than halftime. Currently the interest rate is 0 percent while in school and then is variable up to 8.25 percent. The loan must be repaid within ten years.
Student self-help loans - amount borrowed depends on enrollment status.
(Subsidized and Unsubsidized). A loan obtained from a private lender. Subsidized means that the Federal Government/taxpayers will pay the interest on your loan during periods of deferment. Unsubsidized means that the interest has to be paid by you or added on to the principal.
Federally guaranteed, low-interest rate for students. There are two types of Federal Stafford loans: subsidized (need-based) and unsubsidized (non need-based). Both types allow deferment of payments until a student leaves school.
A Federal Education Loan Program for students. Some Stafford Loans are government-subsidized, in that the government pays any interest while the borrower is attending college. Others are unsubsidized, so interest begins to accrue as soon as the loan is made.