How does a student qualify for the additional unsubsidized Stafford loan?
Initially, all undergraduate students are offered $2000 of unsubsidized Stafford funds in their award letters. They are eligible for additional unsubsidized Stafford funds if they are independent or their parents were denied a PLUS loan. The additional unsubsidized amounts are $4000 for each freshman and sophomore years and $5000 for each junior and senior years.
Related Questions
- Is it true that a TEACH Grant will be converted to an unsubsidized Stafford loan if the student fails to fulfill the grant requirements after leaving school?
- How can a dependent student borrow an Additional Unsubsidized Direct Stafford Loan?
- How do I qualify for the additional Direct Unsubsidized Loan?
