Generally, you must also be enrolled in a program that leads to a degree or certificate awarded by the school. Direct Subsidized Loans are available only to undergraduate students who have financial need. Direct Unsubsidized Loans are available to both undergraduates and graduate or professional degree students.
Simply so, can international students get Stafford Loan?
Federal student loans are popular with US students studying in the US, but they are not available to international students. Instead, international students are eligible for international student loans, specialized private education loans available to international students studying in the US.
The United States Department of Education offers Stafford loans, also commonly called Direct Loans, to eligible students based on financial need. These loans normally don’t require a credit check or a cosigner, making them the easiest student loans to obtain without a cosigner.
Consequently, does income affect Stafford loan?
But the reality is that there are no income limits with the Free Application for Federal Student Aid (FAFSA); any eligible student can fill out the FAFSA to see if they qualify for aid.
How do I know if my loan is a Stafford loan?
Another way for you to determine if you have a federal loan is by accessing the National Student Loan Data System (NSLDS®) site using your FSA ID. The NSLDS site displays information on all federal loan and grant amounts, outstanding balances, loan statuses, and disbursements.
What are the income requirements for student loans?
There is no income cut-off to qualify for federal student aid. Many factors—such as the size of your family and your year in school—are taken into account.
What does eligibility depend on for a Stafford loan?
The borrower must be enrolled for at least a half-time basis. The borrower must be a U.S. citizen, permanent resident or eligible non-citizen. … Eligibility for Federal Stafford loans does not depend on the borrower’s credit. The borrower of a Federal PLUS loan must have a good credit history.
What is a Stafford loan subsidized?
Direct Stafford Loans are student loans that must be repaid and are available to both undergraduate and graduate students. … Subsidized Stafford loan – A loan for which the government pays the interest while you are in school, during grace periods, and during any deferment periods.
Which type of loan is based on financial need?
Need-based financial includes grants, scholarships, work-study and subsidized student loans.
Who is eligible for an unsubsidized loan?
Direct Unsubsidized Loans are available to undergraduate, graduate, or professional degree students enrolled at least half-time at a school that participates in the Direct Loan Program. Financial need is not required to qualify.