What is The Federal Stafford Loan?
The Federal Stafford Loan is a low cost education loan sponsored by the
Federal government and available to students so they can attend college. No
credit check is required, and it's easy to apply.
There are two types of Stafford Loans:
- Subsidized: A Subsidized Stafford Loan is based on needs and
awarded as financial aid by your school or college. The government pays the
interest while the borrower is in school and during the six month grace
period.
- Unsubsidized: An Unsubsidized Subsidized Stafford Loan is
available to all students, regardless of financial need. The borrower is
responsible for the interest, not the government.
Students can receive a subsidized loan and an unsubsidized loan for the
same enrollment period.
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