Federal Stafford Loans

Federal Stafford loans first disbursed July 1, 2006 are fixed-rate, low interest loans available to undergraduate students attending accredited schools at least half time. Stafford loans are the most common source of college loan funds.

Eligibility

* You must have submitted a FAFSA to be eligible for a Stafford loan.
* For subsidized Stafford loans, you must have financial need as determined by your school.
* You must be a U.S. citizen or national, a U.S. permanent resident, or eligible non-citizen.
* You must be enrolled or plan to enroll at least half time.
* You must be accepted for enrollment or attend a school that participates in the Federal Family Education Loan Program.
* You must not be in default on any education loan or owe a refund on an education grant.

More info at Sallie Mae