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Federal Stafford Loan Program:
· Subsidized Loan
· The
government pays the interest while the student is enrolled.
· Fixed
interest rate is set by the federal government.
· Unsubsidized Loan
· The student
pays or accrues the interest while enrolled.
· Fixed
interest rate is set by the federal government.
Federal Grad Plus Loan Program:
· Allows student to
borrow up to the cost of attendance minus all other aid.
· Fixed interest rate is
set by the federal government.
· Must be credit worthy.
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