Stafford Loans are the federal loans provided by the American Government, which have fixed interest rates as well as are used for paying for educational costs like room & board, tuition, and other costs. Stafford Loans require a student and his/her family to complete the FAFSA with the fiscal aid office at the school. Payments on this type of loan can be postponed when a student is enrolled.
The Stafford loans come in 2 types
: 1.Subsidized. No interest monet accrues on the subsidized Stafford loan when a student is enrolled, though he/she must qualify by showing financial need via the FAFSA form.
2.Unsubsidized. Interest money accrues on the unsubsidized Stafford loan when a student is enrolled, though almost each student is capable to borrow via the Stafford program despite the need.
 A majority of schools take part in the FFELP that is the system via which the government guarantees the student loans, but most private banks as well as other entities vie as the lenders. The competition means that it is vital to shop around.
 Other colleges take part in Direct Lending programs meaning a student entered at a school gets the federal loan from the college instead of a lender. The Direct Stafford Loan terms are the same as the FFELP Stafford Loan terms.
The sum of money that you are able to get for a Stafford student loan counts on the year in college and whether you are considered as a dependent or independent student in case an undergraduate, or the degree program in case a graduate student.
View this post on my blog: http://www.federalpersonalloan.com/federal-loan-programs/understanding-stafford-loans.html
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