Ford Direct Unsubsidized Stafford Loan
Any student, regardless of need, may borrow from the Ford Direct Unsubsidized Stafford Loan Program. The procedures to receive a loan are the same as for the Ford Direct Stafford Loan. The annual loan limits are the same and include any funds borrowed through the guaranteed program. Repayment of the loan is deferred as long as the student is enrolled at least half-time; however, interest on the loan should be paid while the student is in school. The interest can also be deferred, but would be compounded to the principal of the loan.