Stafford Student Loan News

Did you know unsubsidized Stafford loans do not require a student to have financial need? Of course it is also the borrowers responsibility for paying all the interest which accrues as well.

The distinction between the subsidized and unsubsidized Stafford loans is that subsidized Stafford’s are based on financial need, which the government pays the interest on. That way when you get out of school you will only begin making payments on the principle balance(s) you borrowed.

Unsubsidized Stafford loans begin accruing interest while the student is in school and capitalize each quarter.