The Federal Stafford Loan is a non-credit based education loan for undergraduate and graduate pupils. There are 2 fundamental forms of Stafford loans: unsubsidized and subsidized. Both have 6 thirty days elegance duration (some time whenever a pupil is not any longer enrolled for at half-time that is least and not necessary to make payments) and fixed interest levels, that are determined every year on July first. To see the present rate of interest, please look at the Loan Comparison Chart regarding the Loan Program website.