Stafford Student Loans

Congratulations, you've been accepted to college!  Now you need to figure out how you're going to pay for it.  While you may qualify for some scholarships and grants, you will most likely still need to pay for the rest of your education yourself.  There are a variety of student loans, each with their own specific benefits to help you fund your education.  A Stafford student loan may be the right fit for your personal situation.

Why Stafford Loans?

Because Stafford loans have the full backing of the federal government, they are offered at lower interest rates than you would find in private loans, however it is now possible to obtain Stafford loans through private companies.

Sense subsidized Stafford loans are granted on a "needs" basis, there is a strict criteria one must meet in order to be eligible, but you may still be able to obtain an unsubsidized Stafford loan.

Borrowers particularly like the fact that the interest on subsidized Stafford loans is actually paid by the federal government while a student is still in school, and for the six month grace period after they graduate or leave school.  Borrowers who choose to go with Stafford student loans also enjoy the fact that it comes with a fixed interest rate, which makes for a lot less confusion when it comes time to start making payments.

Be sure to research all types of student loans, both federal and private, to determine if Stafford loans are right for you.  Once you've settled on Stafford loans, and are certain you qualify, you should then look in to whether you want to obtain it directly through the Department of Education, or if obtaining it through a private company would offer you any other incentives.