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Eligibility for subsidized Stafford loans is based on financial need, as determined by the federal-need analysis process. As the name implies, the federal government pays the interest while you are still in school as at least a half-time student, throughout the six-month grace period, and during periods of deferment.
Eligibility for unsubsidized Stafford loans is not based on your financial need, and you are responsible for the interest from the date the funds are disbursed.
For both subsidized and unsubsidized loans, the financial aid administrator of graduate or professional school you plan to attend determines the amount for which you are eligible.
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