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Federal Loan Programs
Subsidized Loan - based on financial need. The federal government pays the interest on the loan while the student is in school. Payments are deferred until 6 months after graduation or student is enrolled in less than 6 credit hours. Freshman Eligibility is $3500.oo per year Unsubsidized Loan - Interest accrues while student is in school. Payments are deferred until 6 months after graduation or student is enrolled in less than 6 credit hours. Dependent students are eligible for $2000.00 per year. Independent freshman (if over the age of 24, married or parent is denied the PLUS loan) are eligible for $6000.00 per year. |