Interest rates of Federal Stafford loan

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William D. Ford Federal Direct Loan Program would help students avail Federal Direct Stafford loan. Stafford loan is a government loan program and thus eligibility criteria for this loan are quite simple, thus most of the students would be eligible to apply for Stafford loan.Subsidized and unsubsidized loans are the two types of Stafford loans.
Subsidized Stafford loans are provided for students who are in need of financial assistance whereas unsubsidized Stafford loans are granted irrespective of the financial need of the student.
Interest rate for both these type of Stafford loans are discussed as follows. Both subsidized and unsubsidized loans carry a fixed interest rate. For students who have availed subsidized federal Stafford loan from 1st of June, 2011 until 30th of June, 2013 would be charged with a fixed interest rate of 3.4%. Students, who have availed the subsidized federal Stafford loan from 1st of July, 2013 would be charged a fixed interest rate of 6.8%. Subsidized Stafford loans are provided only to undergraduate students. Graduate students are not eligible for a subsidized Stafford loan.
Undergraduate students, who have availed unsubsidized federal Stafford loan from 1st of July, 2011 would be charged a fixed interest rate of 6.8%. Graduate students, who have availed unsubsidized federal Stafford loan from 1st of July, 2006 would be charged a fixed interest rate of 6.8%.
Now that we have understood the interest rate charges applicable for these two types of Stafford loans, the next step is to know the interest rate accumulating period. In the case of subsidized Stafford loan, the federal government would pay out the interest charged on the loan amount while the student is still studying. The only condition for this is that the student should be enrolled for at least half-time of the course. http://www.lissasloans.com

For unsubsidized Stafford loans, interest rate would start to accumulate soon after the loan gets sanctioned. Accrued interest rate would be added up with the loan amount once the student gets graduated. Students are not required to pay out this interest rate while they are in school, but it is advisable to pay them so that they can avoid the burden once they graduate.
Origination fees would be charged on both subsidized and unsubsidized Stafford loan programs. For subsidized loans dispersed from 1st of July, 2012 origination fee of 1% would be charged and for subsidized loans dispersed from 1st of July, 2013 origination fee of 1.051% would be charged. Same origination fee is charged for unsubsidized loan programs as well.
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http://cta.scu.edu.cn/bbs/forum.php?mod=viewthread&tid=12681310
http://www.loanconsolidationbasics.net/federal-consolidation-loans.html
http://www.loanmodification4u.info/loan-modification-approval-tips.html

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