Student Loans

QWhat Is A Stafford Loan?
AStafford Loans are the main kind of self-help aid offered by the U.S. Department of Education. There are two types of Stafford Loans Ö Direct Stafford Loans and FFEL Stafford Loans. The terms and conditions of the two loan types are similar. The major differences between the two are the source of funds, aspects of the application process, and the repayment plans available. Direct Stafford Loans are made through the William D. Ford Federal Direct Loan Program. Under this program, the U.S. government lends the funds directly. FFEL Stafford Loans are made through the Federal Family Education Loan Program. Under the FFEL Program, the funds are lent by a bank, credit union, or other participating lender.