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Stafford Loans |
MarketWatch
9 hrs ago
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College students buckling under the weight of rising tuition face a new threat: rising interest rates on loans.
Wall Street Journal
Jun 29
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A last-minute deal by Congress to prevent rates on popular student loans from doubling received a lukewarm reception from consumer advocates.
Forbes
Apr 25
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We want public policies aimed at getting people to get educated. But cheap debt isn't the best mechanism for doing that. (Photo credit: Wikipedia) On July 1, legislation that has pushed down the interest rates on Stafford Loans, a major federal...
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WIKI ANALYSIS
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This article is a part of Wikinvest's Personal Finance section and Guide to Investing. Please contribute or edit to improve it. |
Stafford Loans are federal student loans available to nearly any student, regardless of need, in order to supplement other types of student financial aid. Stafford loans are offered under the Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan program, and schools typically choose one program or the other. The FFEL program requires you to find a preferred lender -- typically a list is available from the school -- whereas the federal government is the lender for the Direct Loan program. Stafford loans come both as subsidized and unsubsidized loans, depending on student need.
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