Resources

Do you have to pay back Federal Financial Aid?

  • Categories Cost & funding
  • Federal Pell Grants do not have to be repaid
  • The Federal Direct Stafford Loan Program is a low interest loan. If you are eligible for a subsidized Staff Loan you will not be charged interest, the Federal government subsidizes the interest. If you are awarded an unsubsidized loan, you will be charged interest from the time the loan is disbursed until it is paid off in full
  • The repayment period for a Direct Plus Loan for Parents begins immediately after you’ve received the last disbursement of the loan. you have from 10 to 25 years to repay your loan, depending on the repayment plan you have chosen