<p>Usually when the case for financial aid is strong, as I see from the Pell grant amount and the estimated TAP award amount, the student gets the subsidized Stafford loan, where no interest accrues while you are at least half-time in school or during any deferment periods (subsidized by federal govt). No need to pay back until after a certain amount of time after graduation. The rate is fixed at 4.5%.</p>