Stafford loan


Definition
A need-based government loan made to students rather than their parents. The size of the Stafford loan is determined from the expected family contribution. Repayment is not required until after graduation. Unsubsidized Stafford loans accrue interest before graduation, but subsidized Stafford loans do not.

Related Terms

Parent Loans for Undergraduate Students -  More

Perkins loan -  More

student loan -  More

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