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Stafford Loans are student loans that must be repaid and are available
to both undergraduate and graduate students based on financial aid.
Under the Federal Family Education Loan program, a private lender
provides the funds for your Stafford loan. However the federal government
guarantees the loan funds. The interest rate is variable and subject
to change July 1st of each year. If you are in school the government
will pay the interest on your loan during grace periods and during
any deferment periods. You are responsible for paying all of the
interest that is accrued on an unsubsidized Stafford loan. All first-time
borrowers must complete an entrance counseling prior to disbursement
of loan funds.Federal
Plus Loans are unsubsidized loans made to parents of dependent students.
The interest rate is variable, but will not exceed 9 percent. |
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| Copyright © 2004, All rights reserved. Carlos Albizu University. Miami Campus 2173 NW 99th Avenue . Miami . Florida 33172 . Phone: (305) 593-1223 . Fax: (305) 592-7930 |   |