Loan Interest Rates
The Federal Direct Subsidized Stafford Loan Program provides low-interest loans to financially needy undergraduate students. Interest on the loans is paid by the government while borrowers are in school or in authorized periods of deferment. Borrowing is subject to annual and aggregate loan limits. Borrowers begin repaying loans six months after ceasing at least half-time enrollment, unless the borrower qualifies for deferment. Cancellation of loans is available for employment in certain designated fields, under certain conditions.