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Stafford Student Loans
Most college or university students can secure Stafford student loans to assist with their financial needs, so what are you waiting for? Start now and find a Stafford Loan through StudentLoans.com.
Stafford Loans are the most widely used, low-cost education loan available from the United States Federal government, and Stafford Loans are a great way for you to secure the extra financial aid you need in order to meet your needs for college, university or trade school.
Stafford loans carry a low, fixed interest rate which is set by the Federal government. For undergraduate students, the interest rate for subsidized Stafford loans is 4.50%. For graduate students, the federal stafford loan interest rate is 6.8%. These rates are in effect from July 1, 2010 through June 30, 2011. Review information on Stafford loan terms to help understand the different eligibility requirements, terms and conditions for the subsidized (need based loan) vs. unsubsidized (not based on financial need) Stafford loan.
Stafford Student Loan Benefits
There are additional benefits of federal Stafford loans:
- Payments not required until after graduation.
- No credit check required to borrower a Stafford student loan.
- You can consolidate your federal Stafford loans to benefit from one convenient payment and potentially lower your monthly payments.
Stafford Loan Interest Rates
Note: Graduate Stafford Loans (both subsidized and unsubsidized) have a fixed interest rate of 6.8% through 2013.
| Academic Year | Subsidized Rates | Unsubsidized/Graduate Rates |
|---|---|---|
| 2010-11 | 4.50% | 6.80% |
| 2011-12 | 3.40% | 6.80% |
| 2012-13 | 6.80% | 6.80% |
| Current Stafford Loan interest rates in effect from 07/01/2012 to 06/30/2013 | ||
Stafford Student Loan Fees
For the 2010-2011 academic year, there is no origination fee assessed on new Stafford student loans. The only fee will be a 0.5% federal default fee that is intended to help make up for the students that do not pay their loans on time.
Stafford Student Loan Eligibility
The Federal Stafford loan is available to you if you are:
- Borrower must be enrolled half-time or more as an undergraduate, graduate or professional student.
- A citizen of the United States of America or eligible resident.
- Have no unresolved defaults on federal student loans.
