A Federal Stafford bank loan is available in two different kinds: subsidized and unsubsidized. Regardless of your credit rating, both kinds of loans are available to you in Sturbridge. Subsidized Stafford loans are awarded to students that are financially needy. Using this type of loan, the US government will pay the interest while you are still in university. Unsubsidized student education loans are also available to students in need. A lot of students have several Massachusetts unsubsidized Stafford loans to manage their college costs. A Federal Stafford loan is a loan issued by the government to college students at rates that are much lower than other conventional loans. Unlike other Sturbridge student loans, a Stafford loan doesn't require you to have collateral or flawless credit. If you stay in college at least part-time, you won't have to make payments on your loan until after you receive your diploma. With rising tuition costs and a sluggish economy, Stafford student loans in Sturbridge are an ideal option for struggling college students. Regardless of whether you're a graduate or undergraduate, it is possible to consolidate your student loans through Massachusetts consolidation loans. Several Sturbridge lenders encourage you to combine your student loans to avoid wasting money. In the event that you're strapped for money, a student loan consolidation plan will be the solution to your problems. Student loan consolidation programs let you combine your outstanding student loans straight into one, low monthly payment. With student loan consolidation, several college students have been able to reduce their monthly payments by fifty percent. If you've returned to school in Sturbridge after a long period of time, you may be unclear about new rules and regulations regarding financial aid and student loans. In the past couple of years, student loans have changed and the qualification and application process is now quite different than it has been in previous years. Don't be left in the dark when it comes to student loans in Sturbridge. Get your questions answered by contacting our helpful representatives today. In Massachusetts, you can apply for student loans for bad credit. Don't allow a bad credit score stop you from going to college. There are many different types of non-credit governmental financial loans and grants that may help you pay for college. Federal Stafford Loans, Perkins, Loans, and Pell Grants are just a few. By the same token, you should not ever leave out the possibility of a Sturbridge student loan or scholarship grant as well. When it comes to a loan, you should look at getting a cosigner to help you out.