Undergraduate and graduate students; do not have to be
enrolled at least
half-time* |
Undergraduate—up to $4,000 a year (maximum of $20,000
as an undergraduate)
Graduate—up to $6,000 a year (maximum of $40,000,
including undergraduate loans)
Amount actually received depends
on financial need, amount of other
|
5 percent |
Lender is your school
Repay your school or its agent
Up to 10 years to repay, depending on amount owed
|
| Undergraduate and graduate students; must be enrolled at least
half-time* |
Depends on grade level in school and dependency status
Financial need not necessary
|
Changes yearly; for 2005-06 was 5.3 percent for loans in
repayment
For those with financial need, government pays interest
during school and certain other periods
|
Lender is a bank, credit union, or other participating private
lender
Repay the loan holder or its agent
Between 10 and 25 years to repay, depending on amount owed
and type of repayment plan selected
|
Parents of dependent undergraduate
students enrolled at least half-time*; parents must not have negative credit
history |
Student’s Cost of Attendance*
- Other aid student receives
________________________
= Maximum loan amount |
Changes yearly; for 2005-06, was 6.1 percent for loans in repayment;
government does not pay interest |
Same as for FFEL Stafford Loans above |
