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There are no income limits for unsubsidized Stafford loans.
Subsidized Stafford loans are awarded based on need.
There are two types of Stafford Loans
- Stafford (Subsidized) - The interest portion of the loan is borne by the federal government. You can apply provided you spent at least half the time in school.
- Stafford (Unsubsidized) - Interest portion is to be paid even if the student is enrolled in the school. Offered to those with maximum borrowing capacity.
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Is there an income requirement to qualify for FAFSA loans?
FAFSA has five types of federal loans available; most have income requirements, but not all. The loans that have income requirements are the Federal Perkins Loan and Subsidized Stafford Loans. The loans that do not have income requirements are PLUS loans (parents, or graduate and professional student), unsubsidized Stafford Loans, and consolidation loans. If a student is a dependent of their parents, the parents income will count towards meeting income requirements. Loans that are not income dependent do require good credit. http://studentaid.ed.gov/PORTALSWebApp/students/english/index.jsp
What is a federal direct loans?
"They are loans from the U.S government commonly used for education loans. They are normally available in 2 types, Perkins (low income, many benefits) and Stafford (standard, unsubsized)."
Do federal Stafford loans have to be paid back?
Yes, you need to pay back federal Stafford loans.
What is the difference between private stafford and plus student loans?
What is the difference between private stafford and plus student loans?
Stafford Loans?
Direct Stafford loans are low-interest loans that are available to students enrolled in accredited four-year colleges, community colleges, technical schools and trade schools. There are subsidized and unsubsidized Stafford loans. Subsidized Stafford loans require that the student demonstrate financial need. Unsubsidized loans are avail bale to any student. Applying for a Stafford loan can be done for free on the FAFSA website. The school itself will determine the monetary amount of the loan.
Who sponsors Stafford loans?
the federal government
How much will you get from federal loans for college?
Federal Stafford loans are fixed-rate student loans for undergraduate and graduate students attending college at least half-time. Stafford loans are the alternative vis private banks
Graduate Stafford Loans?
If you are attending graduate school, you are probably wondering how you will manage to pay for your education. Graduate school can be expensive, but you can reduce the costs by assisting professors teach undergraduate courses and by taking loans such as Stafford loans. A Stafford loan graduate can reduce the amount of overall money that he or she owes because Graduate Stafford loans offer students lower interest rates than other educational loans that are available.
What does UNSTFD loans mean?
UNSTFD stands for unsubsidized Stafford loan. These types of student loans typically charge 2 - 3 percent more interest than subsidized Stafford loans.
Interest will not accrue on your loans while you are in forbearance?
In the US, interest does not accrue on Subsidized stafford loans while in deferment. Interest does accrue at all times for unsubsidized stafford loans. Interest accrues on all loans while in forbearance.
What does DLSTFD loans mean?
Direct Subsidized Stafford Loan
Which of these forms of financial assistance have to be repaid?
Stafford Loans A+
