We know that it is not always possible to meet the ever increasing costs of higher education, that is why we have joined with Sallie Mae, a leading national student loan provider, to offer a fast, simple approach to borrowing. For current rates call Sallie Mae direct at 888-2-SALLIE or 888-272-5543.
Before applying for a subsidized or unsubsidized Federal Stafford Loan, undergraduate and graduate student borrowers need to complete the Free Application for Federal Student Aid (FAFSA).
The application is also available through most high schools and colleges or by calling 1-800-4-FED-AID. The form is sent to the financial aid office(s) at the school(s) the student listed on the form and determines the types and amounts of financial aid that the student and family are eligible to receive.
Federal Stafford Loans
Federal Subsidized Stafford Loans are available to students who have been assessed to have financial aid eligibility.
The federal government pays the interest on subsidized Stafford Loans while the student is in school at least half time, during the six-month grace period after leaving school, and during any authorized deferment periods (but not during the repayment period). Federal Unsubsidized Stafford Loans are available to students at any income level. The student borrower - not the federal government - is responsible for interest payments on Unsubsidized Stafford Loans. Principal and interest on loans can be deferred while the student is in school. (Interest is capitalized and added to the principal at repayment.)
 Sallie Mae also offers the Federal PLUS Loan, an unsubsidized program which is available to parents of dependent undergraduate students attending college at least half time. Parents with satisfactory credit history can borrow up to the student's total costs of attendance, less other financial aid received, each year. Principal and interest payments generally begin within 60 days of loan disbursement.
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