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Subsidized |
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Unsubsidized |
| Description |
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A low-interest loan for students funded and administered by a lender
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A low-interest loan for students funded and administered by a lender
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| Eligibility |
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U.S. citizens or permanent residents |
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Undergraduate or graduate students enrolled at least half-time |
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Need-based |
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U.S. citizens or permanent residents |
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Undergraduate or graduate students enrolled at least half-time |
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Students do not have to demonstrate financial need to receive |
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| Amount |
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| Year |
Amount |
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| First |
$3,500 |
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| Second |
$4,500 |
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| Third |
$5,500 |
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| Fourth |
$5,500 |
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| Graduate |
$8,500 |
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| Year |
Dep. |
Ind. |
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| First |
$5,500 |
$9,500 |
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| Second |
$6,500 |
$10,500 |
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| Third |
$7,500 |
$12,500 |
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| Fourth |
$7,500 |
$12,500 |
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| Graduate |
N/A |
$20,500 |
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Dep. = Dependent
Ind. = Independent
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Note: Less amount of subsidized Stafford you qualify for.
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| Interest Rate |
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| Interest Subsidy |
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Borrower pays no interest while in school or during any grace or deferment period.
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None
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| Repayment |
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Begins six months after borrower graduates, withdraws, or drops below half-time |
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Minimum repayment is $600 per year ($50 per month) |
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Borrowers have up to 10 years to repay |
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| • |
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Begins six months after borrower graduates, withdraws, or drops below half-time |
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Minimum repayment is $600 per year ($50 per month) |
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Borrowers have up to 10 years to repay |
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| Fees |
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2% |
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2% |
