Federal Stafford Unsubsidized Loan

A low-interest loan available to post-secondary students regardless of demonstrated financial need. Payments are deferred until six months after a student has ceased to be enrolled at least half-time in a degree or certificate-seeking program. The U.S. federal government defers interest payments for the student during this time; the interest is added to the principal at the end of the period. One must file the FAFSA to determine eligibility for a federal Stafford unsubsidized loan.