Former Vermont Sen. Robert Stafford was a champion of education.
His name is familiar to countless college students through a
loan program named for him… The Stafford Loan.

Robert Stafford died this past Saturday, Dec 30, 2006.
He was 93.

In 1988, Congress saluted his dedication to education measures,
renaming the Federal Guaranteed Student Loan program the:

Robert T. Stafford Student Loan program.

The low-interest loans are now known almost universally as
Stafford Loans to the millions who qualify for them each year.

According to the Federal Education Department, about 14 million
Stafford loans were given to post-secondary students in 2006.

Stafford Loans are for undergraduate, graduate and professional
degree students. You MUST be enrolled as at least a half-time student
to be eligible for a Stafford Loan.

There are two types of Stafford Loans: Subsidized and Unsubsidized.
You must have financial need to receive a subsidized Stafford loan.

This entry was posted on Wednesday, January 3rd, 2007 at 9:31 pm and is filed under Student Loans. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.