Start Consolidating subsidized and unsubsidized stafford loans

Consolidating subsidized and unsubsidized stafford loans

NOTE: The Stafford Loan, as it has been known for years, has been recently discontinued – replaced by the Federal Direct Loan programs.

When a Stafford loan is subsidized, you are not required to pay any interest on the l...

They are awarded to both undergraduate and graduate students through the Direct Loan Program or the Federal Family Education Loan Program (FFELP).

If you are one of millions of low-income student borrowers, the government has a deal for you: subsidized Stafford Loans.

As they move through college, this means that they are paying interest on the loans, or simply allowing the interest to build up over time.

How To Consolidate Your Stafford Loans Student loan consolidation can help you to combine the two types of loans into one low monthly payment that makes it easier and quicker for you to pay off your college loans.

The government will pay the interest on your loan while you go to school, during the six month grace period after graduation, and anytime you may have a loan deferment or forbearance situation.

All you need to do is attend school at least half time in an undergraduate or graduate degree-granting program. Many millions more just like you qualify for the unsubsidized Stafford loans. In many cases students that qualify for subsidized loans may also be approved for loans that are unsubsidized as well.

In 1988, Congress renamed the Federal Guaranteed Student Loan program the Robert T. Because the loans are guaranteed by the full faith of the US government, they are offered at a lower interest rate than the borrower would otherwise be able to get for a private loan.