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Meaning / Definition of

Stafford Loans

Categories: Loan and Mortgage,

Fixed-rate, federally-backed loans available to undergraduate and graduate students. stafford loans should be used before private student loans. To qualify, regardless of need, you must fill out the FAFSA (free application for federal student aid).A stafford loan, as of July 1, 2010, is only available directly from the U.S. Government. This is also called a Direct stafford loan.

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