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Loans are funds provided by the federal government or financial institutions; federal loans require you to fill out the FAFSA

Loans must be repaid once you graduate or if you withdraw or drop to less than half-time enrollment. Each academic year, you’ll need to submit the FAFSA to Earlham to be eligible for federal loans. Since program cost and other aid you receive affect your eligibility for any Federal Direct Loan, your eligibility for loans is individually determined by Earlham’s Office of Financial Aid. The federal government offers two loans for students enrolled at least half-time: the Stafford Subsidized and the Stafford Unsubsidized. The difference between the two is that the government pays the interest on the subsidized loan (as long as you are enrolled at least half-time), while you are responsible for the interest on the unsubsidized loan. Continue reading