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Subsidized Stafford loanThese are low cost loans, again only need-based. The interest rate of the Stafford loan lies between 2% and 4% and while in college the government pays the yearly interest. This is where the term subsidized comes from.This loan has a limit of 2,625$ for first year students and 8,500$ for graduate students, this is a very low limit compared to other loans. Did know that if you take out two Stafford loans from different lenders you will have to pay more than one minimum payment. |