January 8th, 2008
An Introduction To The Basics Of The Stafford Student Loan
Back in 1965 Congress launched the Federal Family Education Loan Program (FFELP) to give financial assistance to students. One element of this program is Stafford loans which were initially designed to help only those students in very real financial need but which now make up over 90% of all Federal Government education loans.
Over time Stafford loans have altered with changing conditions and today there are two main forms of the loan - subsidized and unsubsidized.