uLow-interest
federal loan the student takes out on his or her own behalf
uThe FAFSA must
be completed
uFixed interest
rate of 4.5% through 06/30/11 on subsidized loans
uFixed interest rate
of 6.8% through 06/30/11 on unsubsidized loans
uRepayment begins
6 months after the student graduates
or falls below half-time enrollment