| The Federal Stafford Loan is a financial aid | | | | If you are applying for a Subsidized Stafford Loan |
| program that can help you out with difficulties. | | | | your financial status needs to be determined by |
| There are many benefits for students and | | | | your school. Besides this the university that you |
| families who apply for this loan. As the loan is | | | | are hoping to enter should be participating in the |
| approved by the federal government you can be | | | | Federal Family Education Loan Program. You will |
| sure of getting good help and advice about the | | | | need to plan on being a full time student or a half |
| various terms and benefits you can expect to | | | | time student. The final criteria that you should |
| get. | | | | have fulfilled are that of not being in default on |
| Since the Federal Stafford Student loan is a low | | | | any educational loan or a refund on an educational |
| cost loan it is very popular with many prospective | | | | grant. |
| students. The College Board which supervises this | | | | You will only be allowed to become a Stafford |
| student loan also offers a subsidized and | | | | Loan student after all of these criteria have been |
| unsubsidized Stafford loans. There are differences | | | | fulfilled. Once these conditions have been accepted |
| in both of these loan plans. | | | | by the College Board you can then choose which |
| You will be able to find all of these differences | | | | of the two loans you will feel more comfortable |
| when you check out the details about the Federal | | | | about repaying. In this consideration you may |
| Stafford Student Loan program on their web site. | | | | want to see if there are any benefits you will be |
| The main item that you will need to look out for | | | | able to take advantage of during your entire |
| is the amount of time that you will need in order | | | | student loan. |
| to pay back the entire loan. You should check out | | | | While there are many different student loans that |
| the interest you may have to pay back as well. | | | | you can apply for they are not as well known as |
| There are certain criteria that needs to be fulfilled | | | | the Stafford Loan. When you apply to this |
| in order for you to be able to apply for this | | | | program you can be sure that you are getting |
| Stafford Loan. In the first step you will need to | | | | the real deal. With a Stafford Loan you will have |
| be a US citizen or barring that an eligible | | | | the time to complete your education with no |
| non-citizen. You should have submitted a FAFSA | | | | worries about money and the time to pay your |
| form and it should have been accepted. | | | | loan back in full. |