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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