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.

Use Stafford loan in a sentence

You may want to try and take out a stafford loan if you are going to be putting your kids through college.

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My parents were unable to send my brother and I to college, but we both were able to get a Stafford loan and go to college anyway.

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The student received a stafford loan to complete his studies at university and was not forced to pay any interest while in school.

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