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Stafford Loan. The term “Stafford Loan” may refer to a subsidized or unsubsidized Federal Stafford Loan that was made to students attending schools that previously participated in the Federal Family Education Loan (FFEL) Program.
Subsidized Stafford loans are the most desirable student loans because the government pays the interest on your loan while you’re in school, during the six-month grace period after school and during a period of deferment if you are having financial trouble after graduation.
Direct Subsidized Loans and Direct Unsubsidized Loans are federal student loans offered by the U.S. Department of Education (ED) to help eligible students cover the cost of higher education at a four-year college or university, community college, or trade, career, or technical school.
A Stafford Loan, also called a Direct Loan, is a federal student loan from the U.S. Department of Education that you can apply for in order to help pay for college. As with any loan, you’re...
For loans issued between July 1, 2022, and June 30, 2023, the following interest rates apply: Direct subsidized: 4.99%. Direct unsubsidized: 4.99% for undergraduate borrowers, 6.54% for...
Direct Subsidized Loans: You won’t be charged interest while you’re enrolled in school or during your six-month grace period. Direct Unsubsidized Loans: Interest starts accumulating from the date of your first loan disbursement (when you receive the funds from your school).
If someone refers to a new Stafford loan, they really mean an unsubsidized or subsidized federal direct loan. But if you borrowed prior to July 2010, you might still be repaying actual...
The Federal Stafford Loan, officially known as the Federal Direct Loan, is the largest and most popular student loan program today. Federal Stafford Loans are low-cost loans borrowed by students to pay for their college education.
Federal subsidized loans are low-interest loans made to students who demonstrate financial need. Undergraduates may borrow up to $3,500 for the first year, $4,500 for the second year and $5,500 for each remaining undergraduate year.
A Direct Subsidized Loan – also called a Subsidized Stafford Loan or Subsidized Federal Direct Loan – is a type of federal student loan available to eligible undergraduates who’ve demonstrated financial need.