Security Service offers two types of Stafford loans that a student may be eligible to receive.
Subsidized Stafford loan:
As a dependent or independent student, a student may qualify for this need-based loan low interest loan. The government pays the interest on the Subsidized Stafford loan as long as the student is enrolled in school on at least a half-time basis. Repayment begins following a six-month grace period after leaving school.
Unsubsidized Stafford Loan
Unsubsidized Stafford loans are non-need-based loans that are made available to both dependent and independent students. Interest is accrued on these loans from the time they are disbursed. Unpaid interest will be capitalized at the start of repayment and at the end of a deferment. Repayment begins following a six-month grace period after leaving school.
Stafford Loan Limits
For dependent students whose parents cannot borrow under the Federal Plus Program, the amount a student can borrow under the unsubsidized program is the same as for an independent student.
Independent students who are not eligible for a full Subsidized Federal Stafford Loan may borrow their remaining subsidized eligibility under the unsubsidized program.
Maximum aggregate loan amounts (for the entire time the student is in school) are as follows. (This includes federal direct student loans. Note that there is no maximum on Plus Loans.)
