Stafford Loan

A Stafford Loan is a federal student loan designed to help students pay for their college education. There are two types: subsidized, where the government pays the interest while you’re in school, and unsubsidized, where you are responsible for all interest. These loans typically feature lower interest rates compared to private loans and offer flexible repayment options. They are available to both undergraduate and graduate students, and eligibility is based on financial need for subsidized loans. Stafford Loans are a popular choice for financing higher education due to their favorable terms.