Well Direct Stafford Loans vary depending on if you are a dependent or independent student and whether or not you are a first year or second year student. It also depends on whether you are at a community college or a university.
Direct Subsidized Loans are for students with demonstrated financial need, as determined by the federal regulations. No interest is charged while you are in school at least half-time, as well as during your grace period and during deferment periods.
Direct Unsubsidized Loans are not based on financial need; interest is charge during all periods.
Direct PLUS Loans are low-interest loans available to parents of dependent students. Interest is charged during all periods. PLUS Loans are limited to the student's cost of attendance minus any other financial aid. Credit approval is required.
Amount Amount Total
1st Year $3,500 $2,000 $5,500
2nd Year $4,500 $2,000 $6,500
1st Year $3,500 $6,000 $9,500
2nd Year $4,500 $6,000 $10,500
Do you qualify for the Pell Grant or any other grants? Also what is your EFC score from the FAFSA (That also helps your school's financial aid advisors determine how much aid you get)
Hope this helps!
I work for Pierce Community College - Financial Aid :)
· 7 years ago