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Stafford LoansStudents must complete the Free Application for Federal Student Aid (FAFSA)/Renewal FAFSA to be considered for a Stafford Loan. Leave of absenceYou will enter your 6 or 9 month grace period, depending on the type of loan you have. At the end of that period you will start to re-pay your loan. When you re-enroll, you will be eligible to defer payments. Interest rateThe interest rate is a variable rate that will not exceed 8.25%. Undergraduate Stafford Loan amountsFreshman - $2,625 Sophomore - $3,500 Junior - $5,500 Senior - $5,500 |
