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What is the Federal Stafford Loan?

Kroze

Diamond Member
I'm planning to go in a community college and then transfer out once i get my associate. I just got denied for the financial aid so i guess my next step is to apply for a loan. I'm a little confuse about the subject so i'm just wondering if you guys can help me out.


The federal stafford loan is a subsidised loan that i don't have to pay back till i graduate right? It's a government loan and not a private loan such as sallie mae?

Do i have to pay a minimum amount of like $50 a month or i don't have to pay a cent till i graduate? I can apply for this loan with any bank/financial institution right?
 
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