NEW! Beginning July 1, 2012 Graduate students will ONLY be eligible to receive...
- Author: Wednesday, March 7th, 2012
NEW! Beginning July 1, 2012 Graduate students will ONLY be eligible to receive Unsubsidized Stafford Loans.
Interest Rate: 6.8%
"Unsubsidized" means a student is responsible for paying the interest from the time the loan is disbursed. While enrolled in school at least 1/2 time, a student can defer interest payments and capitalize the interest.
"Capitalization" is the process by which interest is added to the loan balance, increasing the loan's size and cost. To reduce the cost of borrowing, consider making interest payments while in school.