There are two types of Stafford Loans: Subsidized and Unsubsidized. The Subsidized Federal Stafford Loan is need-based and interest free because the interest is paid by the Department of Education for student borrowers while they attend college on at least a half-time basis. The Unsubsidized Federal Stafford loan has the same terms and conditions as the Subsidized Stafford but does not carry the in-school interest subsidy. Students pay the interest while in school or have the option to let the interest accrue and have it capitalized.
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