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What are the terms of a Federal Stafford Loan and how much may I borrow per year?

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What are the terms of a Federal Stafford Loan and how much may I borrow per year?

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Fixed interest rate of 6.0-6.8%; deferred while enrolled at least half-time. Graduate students may borrow up to $20,500 per year, but not to exceed the Ashland University budget set for their academic program. Up to $8500 can be borrowed in Subsidized Stafford Loan funds if the student shows need on the FAFSA. For additional information regarding terms, deferment, interest rates, go to www.ashland.edu/finaid; click on your program in the First Steps box; then click on Student Loans.

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