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.