It’s also worth bearing in mind with a Stafford Loan that you have certain requirements to keep up if you want to maintain that preferred status.
For instance, if you drop out of school, the loan will need to be repaid.
If you have to, it’s better to drop down to part-time and keep in school, as this usually enables you to hang on to the preferential status of the deferred student loan - a real benefit to your financial health and cashflow!
With a Stafford Loan, there are a couple of possibilities for you to consider when you are looking for one.
In some cases funding can be arranged through private funding and on other occasions you will be able to get one of this type of deferred student loan through your school.
Both of these are Stafford Loans and have the benefit of later repayment.
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