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Old 06-16-2009, 10:30 AM
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What are the Eligibility Rules for Stafford Loans?

There are stringent rules regarding the application for Stafford Loans. These are as follows:

1. The Student must have submitted a Free Application for Federal Student Aid (FAFSA).

2. For subsidized Stafford loans, the Student must have financial need as determined by your school.

3. The Student must be a U.S. citizen or national, a U.S. permanent resident, or eligible non-citizen.

4. The Student must be enrolled or plan to enroll at least half time.

5. The Student must be accepted for enrollment or attend a school that participates in the Federal Family Education Loan Program.

6.The Student must not be in default on any education loan or owe a refund on an education grant.

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