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School Code:  002008

 

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Financial Aid Glossary

Glossary

Federal Stafford Subsidized Loan

A subsidized loan is awarded on the basis of financial need.

The federal government pays the interest on the loan while the borrower is enrolled in at least a half-time basis and during the repayment grace period.

Students must begin repaying this loan 6 months after you cease to be enrolled at least half-time. The interest rate on subsidized Stafford Loans for undergraduate students that are first disbursed July 1, 2013 - June 30, 2014 is 3.86% for undergraduate students. Graduate students are not eligible for subsidized loans.



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