10.08.09 | Stafford Loan Benefits are Plentiful
What do you like most about the Stafford loan?Â Is it the low fixed interest rate?Â Is it the fact you don’t have to begin repayment until you are out of school? How aboutÂ the fact you don’t need a co-signer at a time when everyone is required to have a co-signer on a loan?Â Or perhaps it’s the possibility of having your entire loan balance forgiven if you go into certain fields.Â It seems there is no shortage of reasons to love the Stafford loan.Â Stafford loans are like the loan for the people,Â though they do have set thresholds.
Keep in mind if you do fall short of the funds you need you can always go the private student loan route, though those loan types do requre a co-signer.Â You can also look into scholorship opportunites.Â You can search a scholarship database or sign up to be a Scholarship Points member with a chance to win one of the free monthly scholarships given away to students here in the United States. Monthly scholarship awardsÂ range from $500 to $10,000 per month.