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What are Stafford Student Loans?

April 26, 2017best federal stafford loan low rates Stafford stafford student loan stafford student loans student loans

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What are Stafford Student Loans?

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Stafford Student Loans are the most affordable option available to supplement personal resources, grants and scholarships and any work-study programs. Stafford Student Loans may be subsidized or unsubsidized by the United States Government depending on the financial need of the student. Subsidized Stafford Student Loans are interest-free until repayment begins, usually 6 months after graduation. Unsubsidized loans begin to accrue interest immediately after disbursement. Both types of loans offer a grace period, where no payment is required until 6 months after graduation, or if the student drops to below half-time status. How much can I borrow? Loan limits are based on your academic level in school.