Stafford Loans
nDirect Loans:
nFederal Government
is the Lender
nFees:
nCurrently 0.5%,
out of each disbursement (up to 1.5%)
nEligibility:
nMust file FAFSA
nNo Credit Check
nMust sign Promissory
Note
nEntrance
Counseling
nPayments?
nNone required while
in college at least ½ time
nPayments start 6
months after stop attending college
nSub or Unsub?
nSubsidized: No interest while in school, based on
need
nUnsubsidized: Interest
always accrues, not need based
