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The Stafford Loan (formerly the Guaranteed Student Loan) is a variable
rate loan made to students by a bank, credit union, or savings and loan
association. Assistance received under this program must be repaid.
Students with a demonstrated financial need must be enrolled at least
half time and may borrow up to $2,625 while earning up to 30 credits,
$3,500 while earning from 31 to 60 credits, and up to $5,500 per year
while earning 61 or more credits—to an aggregate total of $23,000
as undergraduate students. Repayment begins six months after students
graduate, leave college, or attend less than half time.
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