FEDERAL LOAN PROGRAM
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PROGRAM DETAILS
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ANNUAL AWARD LIMITS (subject to change)
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Direct Subsidized Stafford Loan
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- Must be a least a half-time student
- Must have financial need
- For undergraduate and graduate students
- Borrower is not charged interest while in college and during grace and
deferment periods
- The U.S. Government is the lender: payment is owed to the U.S. Government
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Between $3,500 and $8,500 depending on grade level.
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Direct Unsubsidized Stafford Loan
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- Must be a least a half-time student
- For undergraduate and graduate students
- Borrower is responsible for all interest on the loan including while in college
and during grace and deferment periods
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Between $5,500 to $20,500 (less any subsidized amount received for the same period) depending on grade level and dependency status.
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Direct Plus Loans for Parents
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- For parents of dependent students
- Borrower is responsible for all the interest
- Must not have negative credit history
- The U.S. Government is the lender; payment is owed to the U.S. Government
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Maximum amount is cost of attendance minus any other financial aid the student receives.
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