Students must demonstrate financial need to qualify for the subsidized Stafford Loan.
Need is determined by completing the FAFSA application
Low fixed interest rate at 6.8%
No payments are required while the student is enrolled in college at least half-time.
Interest does not accrue while the student is enrolled in college at least half-time
Payments begin six months after graduation.
Federal Unsubsidized Stafford Loan
All students meeting federal eligibility requirements qualify for the unsubsidized Stafford loan regardless of demonstrated need.
You must file the FAFSA application to confirm eligibility
Fixed interest rate of 6.8%
No payments required while student is enrolled in school
Interest begins accruing as soon as the loan is disbursed. You are not required to make payments on the interest, but doing so will save you money over the life of the loan. If you choose to not pay the interest while in school, then the interest is added to the principal balance when the loan enters repayment.
Grad PLUS Loan (Law Students only)
Low fixed interest rate at 7.9%
Non-need credit based loan with the benefit of a fixed interest rate and a federal guarantee
Payments can be deferred while you are in school
Cosigner not required
Interest paid is tax deductible for most grad students
