Financial Aid: Federal Financial Aid: Federal Family Education Loan Program (Stafford Loans): The New England Institute of Art

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Financial Aid

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Education is an investment in your future. Our financial services staff will work with you from the moment you apply, to help you realize your dream.

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Federal Family Education Loan Program (Stafford Loans)

These loans are either subsidized or unsubsidized. A subsidized loan is awarded on the basis of financial need. The federal government pays interest on the subsidized loan until repayment begins and during authorized periods of deferment. An unsubsidized loan is not awarded on the basis of need. The borrower is charged interest from the time the loan is disbursed until it is paid in full. The borrower can allow the interest to accumulate, that is, the interest will be added to the principal amount of the loan and will increase the amount the borrower must repay. To apply, students should contact Student Financial Services.

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Federal Family Education Loan (FFEL) Program

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