The federal Stafford Loan is available in a subsidized or unsubsidized loan. Regardless of credit score, these loans are available to all students. Actually, your credit history is not even utilized as a feature for approval or denial of a loan. Stafford loans are actually the most popular and most utilized type of financial aid for undergraduate and graduate students. So what’s the difference between unsubsidized and subsidized loans:

• A subsidized Stafford award is provided to financially needy scholars. If you meet all criteria, the government will pay the loan interest accrued every month you are in attendance at school and even during the 6 month grace period after graduation and prior to repayment beginning. while you’re in school and for the six-month grace period between graduation and repayment.
• An unsubsidized Federal Stafford Loan is an option for every student, regardless of financial neediness. However, if you plan on only using a Stafford Loan to pay for your schooling because of poor credit, then you can expect a small loan award.

One more advantage to using the Stafford Loan program: you have the ability to reapply every year you are in school.

Could a Stafford Loan be the solution for you? There’s only one way to find out. Apply. Here’s a link to complete the FAFSA, http://www.fafsa.ed.gov/.