What Is a Direct Stafford Loan?

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What Is a Direct Stafford Loan?

Higher education can be expensive, but because of the benefits of a college degree, many people decide it's worth it to attend. To help with the costs, students can apply for many forms of financial aid that cover everything from tuition to room and board to other education-related charges. One of the most popular types of these student loans is the Direct Stafford Loan. These are low-interest loans from the federal government to help students pay for higher education, whether they’re attending community college, four-year college or graduate school.

Students who are eligible for Stafford Loans receive money from the U.S. Department of Education through the William D. Ford Federal Direct Loan Program. Stafford Loans come in two forms: subsidized and unsubsidized. If you’re considering applying for one of these loans or are helping someone who is, it’s important to learn how they work and what eligibility requirements exist.

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