Unsubsidized Stafford Loan
Federal Stafford Loan
- No payments until after graduation
- Fixed rate as low as 6%
- Easy online application process
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Private Student Loans (No FAFSA Required)
Consider our private loan to help cover up to 100% of your college funding gap.
A Unsubsidizes Stafford Loan differs from a subsidized Stafford Loan in that the student is responsible for all interest that accrues on the unsubsidized Stafford loan from the time of disbursement through repayment of the loan. Students still need to be deemed eligible for unsubsidized Stafford Loans as well however they are usually granted to most students with a maximum borrowing cap.
Interest accrued on an unsubsidized Stafford Loan can be paid at any time by the borrower while in school or during a period of federal loan deferment or federal forbearance to help lower the students interest capitalization and monthly payments.
Capitalization occurs when a borrower chooses the option to allow the interest to accrue and opts to have the interest added to the principal amount of the unsubsidized stafford loan. If you choose not to pay the interest as it accrues and allow it to be capitalized, you will not have to make loan payments while in school, but will have a larger amount of loans to pay off following graduation.
Looking for a quick comparison of subsidized and unsubsidized Stafford Loans?
