Stafford Loan News

Stafford Loan news articles and updates to help students and their families understand the federal Stafford Loan program, and how to finance their education through federal student loans.

Public Service Loan Forgiveness? Yes please!

 -  The Department of Education has recently made improvements to the PSLF process. While the requirements remain the same, they are more clear, and there's a variety of new documentation to help get you through the application process.

Contacting your Student Loan Lender

 -  But if you have recently graduated college and are interested in consolidation or deferment of your student loans, you may have to contact your lender. So let's talk about how to do that.

Poll Results: Student Loan Debt

 -  It's awesome, albeit surprising, to see the number of students graduating debt free- conGRADulations! For everyone else, loan repayment might be a growing concern as that 6 month date draws nearer. If you're concerned about making payments for whatever reason, there are some steps you can take to either lower or postpone your repayment.

When do I Receive my Stafford Loan?

 -  Wondering when you actually receive your federal Stafford loan. Here is a look at how these loans are disbursed.

Seniors, graduating with debt?

 -  For seniors, graduation is quickly approaching! Unfortunately, so are those pesky loan repayments, yikes! Complete our online poll and share how much debt you will be graduating with - and see how you compare to your peers!

Appealing a Financial Aid Offer – Can it be Done?

 -  Your financial aid offer letter will show how much a college or university is willing to offer in the way of student loans and scholarships. But what happens when that figure is too low? How can you appeal?

Selective Service and Financial Aid

 -  Guys, I'm sure most of you are well aware of the option to register for Selective Service once you turn 18; but did you know that it could have severe financial repercussions if you don't?

Freshmen: How to Get Your Stafford Loans

 -  TweetWhile high school seniors are receiving their acceptance letters and financial aid award packages, they might be exploring the differences between the loans they are eligible for and wondering how to actually acquire these loans. Many students are lucky enough to qualify for Subsidized Stafford Loans, which have a lower interest rate than unsubsidized ones. [...]

Applying for Federal Grants

 -  Applying for federal loans is a common task for most college students, but did you know that when you file your FAFSA you're automatically applying for federal grants as well? Unlike loans, federal grants do not need to be paid back and are both tax and interest-free.

Stafford Loan Interest Rates Lowered

 -  As I'm sure many of our readers out there know, the interest rate for subsidized undergraduate Stafford Loans was lowered last year from 5.6% to 4.5% which was a major step forward for federal loans. Well, the interest rate has dropped again!