Unsubsidized+Stafford+Loan

An **Unsubsidized Stafford Loan** is a federally guaranteed loan that is not based on financial need. Interest will accrue from the time the loan is disbursed to the school. You do not have to make interest or principal payments until six months after graduation, or six months after you drop below a half time status. Additionally, there are maximum amounts you can receive per school year for **dependent** and **independent** students. The interest rate is fixed at 6.8% for all borrowers (undergraduate and graduate).