Student Loan Basics: The Stafford Loan  

 

©2009 by Marc R. Hill, CCFC, RFC®, CCFC, CAFC

 

pdf file of this report

 

I think it’s safe to say that our government is on a dizzying pace with the remaking of America. From controlling banks and car companies to establishing eco-friendly policies, change is being served up on all of our plates.

 

The Department of Education (DOE) is no exception to the rule. From simplifying the FAFSA, to eliminating the FFEL program, the DOE has a new menu filled with feel-good, down-home cookin barbecued in change.

 

This Educational Bulletin gives you a taste of the Stafford Loan Program - soon being served exclusively through the Federal Direct Loan program via the DOE. The bulletin is an appetizing look at the ins and outs of fees, interest rates and potential deductions, eligibility, how the money is disbursed, rebates, forgiveness and loan limits that just might have you seeing more green.

 

And this menu doesn’t just appeal to undergraduate appetites; graduate students are invited to the BBQ too! So be sure to fill up by downloading this educational bulletin, “Student Loan Basics: The Stafford Loan.”