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   Alternative Student Loans for College Education

Stafford Loans : Federal Stafford loan

 

Federal Stafford loan - Direct, Subsidized, Unsubsidized

 

Federal Stafford Loans
The Federal Stafford Loan is an affordable, low-interest loan designed for undergraduate and graduate students. It is backed by the U.S. government and comes as subsidized and un-subsidized.

Program Benefits
• Low variable interest rate
• Make no payments until six months after you cease to be enrolled full time
• No co-borrower required

Online Master Promissory Note

To receive Federal Stafford Loans, you will need to complete and submit a signed Master Promissory Note (or MPN). Your MPN can be completed and signed entirely online for fast processing.

Don’t Forget the 2008-2009 FAFSA!

Before you can receive Federal loan funds, you must also complete the FAFSA (Free Application for Federal Student Aid). This can be completed at the department of Education's website www.fafsa.ed.gov

Annual Federal Stafford Loan Limits

 

 

Subsidized Stafford

 

Unsubsidized Stafford

 

Combined

Year 1

$2,625

$4,000

$6,625

Year 2

$3,500

$4,000

$7,500

Year 3, 4 & 5

$5,500

$5,000

$ 10,500

Graduate/Professional

$8,500

$10,000

$ 18,500

 



Additional Loan info
Student Loan Consolidation lowers monthly payments and interest rates. POPULAR LENDERS
Consolidate Student loan debt provides a directory of top student loan consolidation companies. Be sure and review as many loan consolidators as possible before actually applying.
 
 
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