Federal Stafford College Student loans are a fixed rate college student loan for undergraduate college students attending a college or university at least half time. Stafford college student loans are the most common and one of the lowest cost effective ways to pay for school. There are two different kinds of undergraduate federal college student loans, the subsidized Stafford College Student Loan and the unsubsidized Stafford College Student Loan.

Subsidized Stafford College Student Loans are awarded to undergraduate college students based on financial aid need. When you obtain this type of college student loan you are not charged interest before you begin repayment or during periods of deferment. The federal government will subsidize all the interest during this time.

Unsubsidized Stafford College Student Loans are not awarded based on financial aid needs. Any eligible undergraduate college student can take out an unsubsidized Stafford college student loan. However, unlike the subsidized Stafford loan, you will be charged interest from the time the college student loan is disbursed, to the time the college student loan is repaid in full.

Stafford College Student Loan Interest Rates

Graduate Stafford College Student Loans (both subsidized and unsubsidized) have a fixed interest rate of 6.8% through 2013.

Federal Stafford college student loans are fixed rate college student loans for graduate college students attending a college or university at least half time. Stafford college student loans are the most common and one of the lowest cost effective ways to pay for school. There are two different kinds of graduate federal college student loans, the subsidized Stafford College Student Loan and the unsubsidized Stafford College Student Loan.

Subsidized Stafford College Student Loans are awarded to graduate college students based on financial aid need. You will not be charged interest before you begin repayment or during any periods of deferment. The federal government will subsidize the interest during these times.

Unsubsidized Stafford College Student Loans are not awarded based on financial aid needs. Any eligible graduate college student can take out unsubsidized Stafford college loans. You will be charged interest from the time the college student loan is disbursed, to the time the college student loan is repaid in full.

Putting it in very simple terms a Federal Stafford College Student Loan is a government secured college student loan available to undergraduate and graduate students at a rock bottom rate. There will be no collateral or credit check required, and payments will be deferred until you graduate.

• Low 6.8% fixed interest rate
• No application fees
• No collateral or credit checks
• No payments while you are in school
• Eligible for federal college student loan consolidation
• Tax deductions and flexible repayment options available
• No prepayment penalties

How can you go wrong? The first thing you need to do is fill out the free online FASFA online application. This will qualify you for the Stafford College Student Loan. Even if you do not think you will qualify, I encourage you to file the FASFA any way. You will probably be surprised at what you will qualify for.