What is the Unsubsidized Stafford Loan ?
This loan program is available to eligible students, regardless of family income. The term “unsubsidized” means that the government does not pay the interest for you while you are enrolled. Interest is variable and changes annually on July 1. Interest accrues and must be paid quarterly unless you request your lender to add the interest to your loan principal; it will be capitalized at repayment. Principal payments are automatically deferred while you are in school at least half-time.
