To apply for Direct Stafford Loans, fill out theFree Application for Federal Student Aid (FAFSA).
People also ask
How do I qualify for a federal direct Stafford Loan?
The first step towards qualifying for a Federal Direct Stafford Loan is to fill out and submit the Free Application for Federal Student Aid, or FAFSA. Most students will qualify for some form of financial aid but until you submit your FAFSA you will never know what is available to you.
What is the difference between a direct loan and a Stafford Loan?
Eligible students borrow directly from the U.S. Department of Education (the Department) at participating schools. Stafford Loans are available for undergraduate and graduate students and come from Direct Stafford Loans made by the U.S. Department of Education. You will repay a Federal Direct Stafford Loan to the U.S. Department of Education.
What is a federal Stafford Loan?
Federal Stafford Loans are designed to enable students from all backgrounds access to low interest student loans in order to pursue their post secondary education. Types of Stafford Loans: The Subsidized Stafford Loan is a need based low interest student loan that is guaranteed by the US Federal government.
How do I apply for an unsubsidized Stafford Loan?
You are free to apply for unsubsidized Stafford Loan funds over and above any subsidized funds for which you’ve been approved. Once you choose a student loan lender you will complete the Master Promissory Note for the Stafford Loan. This document details all the fine print of the loan, including your repayment responsibilities and terms.