Types of Federal Stafford Loans*

Stafford Loans can be subsidized or unsubsidized.

  • Subsidized: The government will pay the interest loan while you are in school and during grace and deferment periods. Students must demonstrate financial need to be eligible for a subsidized Stafford Loan.
  • Unsubsidized: Students are responsible for all interest, although payment is deferred until after graduation. All students, regardless of need, are eligible for the unsubsidized Stafford Loan.

Quick Links
» Apply Online
» Eligibility
» Loan Amounts
» Rates, Fees and Terms
» Top Questions about Stafford Loans

* Please be aware that while we continue to offer Private Student Loans, NextStudent is not currently able to accept any new PLUS, Grad PLUS, Stafford, or Federal Consolidation Loan applications.

On October 1, 2007, legislation went into effect that cut $21 billion in subsidies to FFELP lenders like NextStudent. We have been searching, and continue to search, for avenues that would allow us to keep offering FFELP loans. But at this point, until market and regulatory conditions change, we find ourselves forced to suspend our federal education loan programs.

We value your business, and we want to make sure you’re able to get the money you need to pay for school. We encourage you to take advantage of college scholarships and your available federal financing options. But if you’re still in need of a parent or student loan, please give us a call, and we’ll do what we can to help.

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Last updated Saturday, May 17, 2008