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Federal Subsidized Stafford
Loans (formerly Guaranteed Student Loans) are
guaranteed, federally insured loans obtained through a bank, savings and loan
association, credit union, or other participating lender, and are usually
administered by a state guarantee agency. Repayment of interest and principal
is deferred while the student is registered for at least half time (i.e. for at
least six credits hours); deferment ends when the student ceases registration
entirely or is registered for fewer than six credits. Applications are
available from participating lenders. Eligibility for a Federal Stafford Loan
is limited to U.S.
citizens and permanent residents and is based on an analysis of financial need.
Complete current information concerning eligibility requirements, borrowing
limits, loan rates, lender fees, and conditions of repayment may be obtained
from the GSAS Financial Aid Office.
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