What Is a Stafford Loan, and How Do You Qualify?
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If you’re in search of financial help for higher education, you may have explored different scholarships and grants to pay the way. Gifted money is a great way to pay for school without having to worry about paying it back after graduation. But if you don’t have all your expenses covered through scholarships and grants, you might need to consider student loans to fill in the gaps. If you’re exploring federal aid, Stafford loans might be an option.
What Is a Stafford loan?
A Stafford loan is a federal student loan provided by the government to help pay for your education while you’re attending a university, community college, trade or technical school. Interest rates are adjusted annually on July 1 for these types of federal loans.