Federal Stafford Loans
Please be aware that due to current conditions in the student loan market in particular and in the financial sector in general, NextStudent is not currently able to accept any new PLUS, Grad PLUS, Stafford, or Federal Consolidation Loan applications. However, you may be able to apply for these federal student loans from one of our trusted partners. Click here for more information.
Federal Stafford Loans are government-secured student loans available to undergraduate and graduate students at rates lower than most other forms of financing, like credit cards and private student loans. There’s no collateral or credit check required, and payments are deferred until you graduate.
- Low 6.8% fixed interest rate for graduate Stafford loans and unsubsidized undergraduate Stafford loans
- 3.4%–5.6% fixed interest rate for need-based subsidized Stafford loans for undergraduates
- No application fees
- No collateral or credit checks
- No co-signers required
- No payments while you’re in school at least half time
- No prepayment penalties
- Eligible for federal student loan consolidation
- Flexible repayment options available
- No prepayment penalties
- Loan interest may be eligible for tax deductions (consult a tax advisor)
Federally Guaranteed Stafford Student Loans
Awarded both with and without consideration of financial need, Stafford student loans give undergraduate and graduate students a self-help financing option that’s available to you regardless of how much money you or your parents make.
Stafford loans are issued to students in their own names without a credit check, so you don’t need to worry about finding a co-signer to get money for college or graduate school.
Quick Links
» Begin the Application Process
» Types of Stafford Loans
» Stafford Loan Amounts
» Stafford Loan Rates, Fees, and Terms
» Stafford Loan FAQs