Talk:Stafford Loan

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-if i have already accepted my stafford loan but then decided to switch over to another school in which i don't need this loan what happens then? do i just keep the money and begin paying the loan back right then? --—Preceding unsigned comment added by 67.72.98.109 (talk • contribs)

-I'm not an expert on either, but the current text of the page confuses me -- I know loans were previously issued at variable rates, which became fixed when you graduated or consolidated them. Elsewhere, it says that new Stafford loans are now being issued at even higher, fixed rates. If both pieces of information are there, each should acknowledge the other.

Also, does anyone know anything about Stafford Loan forgiveness, and whether it's been cut yet? I can't add it if I'm not sure whether the programs for forgiveness (e.g. for teaching in high-need schools) are extant. -Semisomna 13:53, 10 March 2007 (UTC)

-Loans were previously issued at variable rates, but only became fixed if you consolidated them (because the loans were paid off by the consolidator whom you then owed). They remained variable despite graduating. New Stafford loans are offered at 6.8% fixed rates, period. It is possible, then, that you may have both Stafford loans at variable rates and at fixed rates depending on when the loans were issues. This is reflected in the present text.