Personal Finance: College Loan Terms

Subsidized Stafford Loans are available to undergraduate students who \"demonstrate financial need, and the government pays the interest on these loans while the student is in school. \"

Unsubsidized Stafford Loans are available to undergraduate and graduate students \"regardless of financial need and the student is responsible for paying the interest but can defer payments while in school. \"

. No credit check or cosigner is required. These loans are awarded based on exceptional financial need

No credit check or cosigner is required. Stafford Loans may be subsidized or unsubsidized.

A certified private student loan is a loan where your school verifies how much you should borrow. This helps ensure you borrow only what you need.