About our partner:

Sallie Mae's 1-2-3 Approach to Paying for College

With Sallie Mae's 1-2-3 Approach to Paying for College, we encourage students and families to tap the most affordable education funds first and minimize education loan debt upon graduation.

Step 1.

Use Free Money First. Students should fill out the FAFSA to access need-based grants and research and apply for scholarships. Students should consider supplementing grants and scholarships with current income and college savings.
Step 2.

Explore Federal Loans. Available to both students and parents regardless of need, federal loans offer low, fixed interest rates and flexible repayment options.
Step 3.

Fill Any Gap with Private Student Loans. After students have pursued free money and federal loans, private student loans may be available to cover the rest of their education costs.

Federal Stafford Loans

Eligibility:
Available to both graduate and undergraduate students.

Fact:Subsidized by the Federal Government.

Types of Stafford Loans:

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.
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

To receive info about the online Stafford Loan application, enter your email address below and submit. Your email is not sold or shared. Serious students/parents only..

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.