You Can Pay Your Own Way Through School
Whether you are in college or graduate school, whether you are on your own or your parents are helping out, you can get the money you need for school with a low interest Federal Stafford College Student Loan.
A Federal Stafford College Student Loan would be given to you in your own name and awarded both with and without consideration of your financial need, Stafford student college loans will offer a self help financing option that is available to you regardless of how much money you or your parents may make.
You are already worried about finals; you should not have to worry about repaying your college student loans.
With a Stafford college student loan from, you will not have to make any payments while you are still in school at least half time; so you can concentrate on your classes instead of on how you are going to make your monthly college student loan payment.
What is a Stafford college student loan?
Stafford college student loans are low interest, federally guaranteed college student loans available to both eligible undergraduate and graduate students for tuition and other school related expenditures.
Stafford college student loans can be either need based or non-need based, so they can help a wide range of students in most any kind of financial need situation who are searching for low interest ways to pay for their education.
What is the difference between a subsidized and an unsubsidized Stafford college student loan?
Subsidized Stafford college student loans are awarded on the basis of financial need. With subsidized Stafford college student loans, any interest that accrues while you are in school, in deferment or in a grace period is paid for you by the government. However, if you are in forbearance, you will be responsible for paying any interest that accrues.
Unsubsidized Stafford College student loans are non-need based, so if you are an eligible undergraduate or graduate student, you can qualify for unsubsidized Stafford college student aid regardless of your own income or your parents’ income. With unsubsidized college student loans, even when you are not making payments (while you are in school, in deferment, in forbearance or in a grace period), interest is accruing, and you will be responsible for paying that interest at the time of making payments.
You might be able to borrow a college student loan beyond your subsidized loan amount even if you do not have demonstrated financial aid need. In that case, you would receive an unsubsidized college student loan. Your school will subtract the total amount of your other financial aid from your cost of attendance to determine whether you would be eligible for an unsubsidized college student loan. Unlike a subsidized college student loan, you are responsible for the interest from the time the unsubsidized college student loan is disbursed until it is paid in full.
You can receive a subsidized college student loan and an unsubsidized college student loan for the same enrollment period as long as you do not exceed the annual college student loan limits.