What is the difference between a Federal Direct Subsidized Stafford Loan and a Federal Direct Unsubsidized Stafford Loan?
Federal Direct Subsidized Stafford Loans are need-based, federally subsidized student loans which have repayment deferred until after you graduate, withdraw or enroll less than half time. Interest is paid by the federal government until the end of the six-month grace period after you drop to less than half-time enrollment.
Federal Direct Subsidized Stafford Loans are need-based, federally subsidized student loans which have repayment deferred until after you graduate, withdraw or enroll less than half time. Interest is paid by the federal government until the end of the six-month grace period after you drop to less than half-time enrollment. Federal Direct Unsubsidized Stafford Loans are non-need-based loans for students who do not qualify, in whole or in part, for Subsidized Stafford Loans. “Unsubsidized” means that the interest is not deferred while you are in school. Because unsubsidized loans are not need-based, you may borrow funds over and above your eligibility for Subsidized Stafford Loan funds, either up to your cost of education minus other aid, or up to Federal Direct Program limits, whichever is less. Note: to be eligible for an Unsubsidized Stafford, you must have first applied for a Federal Pell Grant and a Subsidized Stafford For Unsubsidized Stafford Loans, since the federal government do
Related Questions
- What is the difference between the Subsidized Federal Direct Stafford Loan and Unsubsidized Federal Direct Stafford Loan?
- What is the difference between a Subsidized Federal Stafford Loan and an Unsubsidized Federal Stafford Loan?
- What is the difference between Federal Subsidized Stafford Loan and Federal Unsubsidized Stafford Loan?
