What's the difference between these Federal Student Loans?
Federal Stafford loan and Federal Direct loan? Are they the same? Ohh and I already know the dfference between subsidized and unsubsidized, so no need to explain. Thanks for any help!
Public Comments
- No! Federal direct is independent and it's a pain to consolidate. Try to go with stafford.
- A Stafford loan can either be a Direct loan or it can be a FFEL loan. Yes, they are the same. http://studentaid.ed.gov/students/attachments/siteresources/FundingEduBeyondHighSchool_0910.pdf see chart on page 19 for excellent breakdown of the different types of loans.
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