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  Category: Articles » Finance » Loans » Article

Almost Anyone Can Qualify for Stafford Loans through NextStudent

By Jeff Mictabor

Did you know that basically everyone can get an unsubsidized federal Stafford loan? Most people are more familiar with the low-interest subsidized version that is need-based. Stafford loans have lower interest rates than many other options currently 6.8 percent and do not have to be repaid until a student is out of college, so it is a great way to pay for school, according to Phoenix-based NextStudent (, a premier education funding company. For all federal Stafford loans, the government has set the cap on the loan at 8.25 percent, guaranteed by law.

Which One Is for You?

In a nutshell, the subsidized Stafford loan ( is need-based, while the unsubsidized is not. What this means is that with the unsubsidized loan students are responsible for the interest. If a student qualifies for the subsidized version, the government will pick up the tab on the interest while the student remains in school (and during the grace period as well). If a student chooses to defer a loan, the government will cover it for this period, too.

Unique Benefits Provide a Great Learning Experience

Neither type of Stafford loan requires a credit check or collateral.
Students can qualify for in-school deferment and are not required to make payments, for as long as a student is in school.
The student (that's you) is responsible for the loan, rather than the student's parents.
Student borrowers gain confidence as they begin the repayment process, while building their very own credit.
Student borrowers work one-on-one with a personal Education Finance Advisor, offered exclusively from NextStudent Loans (
Repayment does not being until six months after graduation.
When student borrowers choose Auto-Debit for their payment option they receive a discount of .25 percent.
After 36 consecutive on-time payments, student borrowers can take an additional 1 percent off the government fixed rate. This discount is permanent; with other companies, you miss one payment, you lose it.

Gain Peace of Mind with Easy Consolidation Repayment Options

After graduation students have a six-month grace period to start repayment. During that time, students may decide to consolidate. Good news: All Stafford student loans (, whether government subsidized or not, qualify for NextStudent's Federal Student Loan Consolidation ( Program. This means lower monthly payments and fewer headaches when managing the repayment process because there only will be one fixed-rate loan with a single payment due date.

There is no easier, low-cost way to get to college. Through NextStudent's Stafford Student Loan ( Programs, student borrowers are offered the best way to get their loans and get to and through college.

NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding simple. Learn more about student loans ( at
About the Author
Jeff Mictabor is an enthusiast on the topic of student loan issues in the news. He has been writing for the past 10 years for a variety of education publications. He now offers his writing services on a freelance basis.

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  Some other articles by Jeff Mictabor
Borrower Beware: Not All Student Loan Consolidation Discounts Are the Same
Informal Article Melissa Bannon/Edited by Rhona 12/06/06 483 words Borrower Beware: Not All Student Loan Consolidation Discounts Are the Same NextStudent, ...

NextStudent Offers PLUS Loans for Graduate and Professional Students
According to Phoenix-based NextStudent, a premier education funding company, the proliferation of graduate and professional programs has led to new sources of education funding ...

Federal Stafford Student Loans from NextStudent Have Great Incentives on Already Low Rates
After exhausting all forms of "free money" for college, such as scholarships and federal grants, the next best thing for students are federal student loans ( to help them ...

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