| Many students have aspirations to attend graduate | | | | student aid and process the case. After some time |
| schools or college but do not possess enough income | | | | you can check the status and see the amount of loan |
| sources to afford their education. But one thing that | | | | for which you are eligible. You can also make |
| they can surely afford is a subsidized federal loan. | | | | corrections in a processed FAFSA and review the |
| Subsidized federal loans are specially designed for | | | | changed results. One more thing to be kept in mind is |
| students who do not have a strong financial back | | | | that you have to apply for loan every year as federal |
| ground or means of income. The best part about this | | | | student loans are not renewed automatically. |
| loan is that you do not have to pay any interest on this | | | | · You school will now send an award letter |
| loan till the time you complete your course. | | | | mentioning your eligibility for loan. After you receive the |
| Subsidized Federal Loans can be financed only by | | | | award letter, you can apply for "Stafford loan". The |
| federal government and are meant for low income | | | | federal Stafford loan is relatively cheap and the |
| group students. If you have enrolled in a school that | | | | interest rate is fixed. |
| takes part in federal family education loan program | | | | · You should also look for other federal student |
| and are not in default with any other education, then | | | | loans available in the market and apply. You should not |
| you are eligible for a subsidized federal loan. You must | | | | be dependent on just one option. Try and search |
| also be attending at least half time school when you | | | | several options that are offered by the government |
| apply for the loan. | | | | and see for yourself what suits you the best. |
| Here are the steps that need to be followed in order | | | | Subsidized loans are interest free till you complete |
| to apply for Subsidized Federal Loan: | | | | your education and because they are offered on a |
| · The first most important step is to fill up | | | | real low rate of 6.8%, it is easy for students to repay |
| FAFSA also known as free application for federal | | | | the loan back. |