Not everyone can afford the high cost of education, so they turn to the Federal Government to assist. Federal student loans are usually the most common for students to undertake as they generally have lower interest rates and don’t require a credit history.

Since it is expensive to study in U.S universities the federal government has introduced the Federal Stafford loan. The Federal Stafford Loan is one of the most popular education loans for undergraduates and graduate students.  Being a U.S. citizen is the first criterion for a federal Stafford loan. Then you need to submit your FAFSA. This is very important as without this you cannot get a Stafford loan....