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Stafford Loans
 

Stafford loan is a student loan offered to undergraduates to help in finance their education.

Staffoed Loans are guaranteed by US government and its available at very low interest rates.

 

Stafford loans are available to students either directly from the United States Department of Education through the Federal Direct Student Loan Program (FDSLP, also known as Direct) or from a private lender through the Federal Family Education Loan Program (FFELP).

Interest rates in stafford loans are variable while student is in-school and for grace period. Once they are in repayment, the interest rates can be fixed through federal student loans consolidation.

Stafford loans are availabel both as subsidized and unsubsidized loans.

Advantages of Stafford Loans

  • Very Low Interest Rates.
  • Students do not have to pay anything while they are in-school or for grace period.
  • No credit checks.
  • No Gurantee fees.
  • No prepayment penalties.
  • Flexible repayment option.

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