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What loans are available?

April 26, 2017Loans

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What loans are available?

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The following loans are available: • Federal Stafford Loan-Subsidized • Federal Stafford Loan-Unsubsidized • Federal Parent Loan for Undergraduate Students (FDPLUS)

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Federal Stafford Loan – Student must file the FAFSA to be considered for this loan. The loan has a fixed rate of 6.0 percent as of July 1. Repayment for Federal Stafford Loans begins six months after graduation or at the point the student drops below six credit hours. Unsubsidized loans begin accruing interest from the first day of disbursement, while the interest is deferred for subsidized loans. Below is a chart listing the maximum loan limits. Note the guarantor takes a processing of up to 4 percent from the gross loan amount listed on the financial aid award.