Federal Stafford Loans: Subsidized

This loan requires unmet financial need. The federal government will pay the interest while you are enrolled in school, and you must repay the loan plus a variable interest beginning 6 months after you leave school or drop to less than half-time status. You must meet all Basic Eligibility Requirements and be enrolled in at least six credits per term. Students with less than 24 credits at the time of application may borrow up to $3,500 per year or the amount of unmet financial need, whichever is less. Students with more than 24 credits at the time of application may borrow up to $4,500 per year or the amount of unmet financial need, whichever is less. Aggregate total $23,000. These loans are subject to an origination of guarantee fee of up to 3% of the approved loan amount. The fee will be deducted from loan proceeds before disbursement.

On-line electronic applications will not be accepted or processed by the Financial Aid Office.

If you have defaulted on a previous student loan, you may not be eligible to borrow from Northwest Florida State College.

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