All students must be enrolled at least half time to qualify for a Federal Stafford loan. Choosing a lender from this list can save students time and may save them money.
Students are responsible for paying the interest while they are in school.
If students want they may pay the interest while they attend school. If they do not want to make the interest payments, the interest can be added to their principal balance through a process called capitalization. Repaying your Loan Borrowers are required to begin repaying their Federal Stafford loan six months after they graduate, leave school, or drop below half time attendance. Borrowers generally have 10 years to repay these loans. Borrowers can access repayment calculators to determine an estimated payment based on the total amount they have borrowed.