Federal Stafford Loans      

 

Eligibility:
Available to both graduate and undergraduate students.

Fact:Subsidized by the Federal Government.

Types of Stafford Loans:

  1. Subsidized  
    (need-based). The federal government pays the interest on these loans while the student is in school and during the grace period before repayment begins.

  2. Unsubsidized  
    (available for students who do not qualify for subsidized loans). The borrower is responsible for the interest on these loans as soon as the loan is taken out.

STAFFORD LOAN PROGRAM benefits:

  • Low, variable interest rates
  • Deferred interest on Unsubsidized Stafford Loans during half-time enrollment
  • Make no payments until six months after you graduate or drop below half-time
  • Automated, on-line processing options, including e-signature
  • No credit check - everyone is eligible
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If you're looking for a loan for living expenses, try a private student loan. They're instant and funds go directly to you, not the school.

 

 

 

 

 

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