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Federal Stafford Loan Request Form - Southeastern Bible College

Federal Stafford Loan Request Form - Southeastern Bible College 2025

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The document is a 2010-2011 Federal Stafford Loan Request Form for students at Southeastern Bible College. It outlines the necessary information required to apply for a federal student loan, including personal details, loan amount requested, and important policies regarding eligibility and loan processing. Students must complete the form and sign a Direct Loan Master Promissory Note to initiate their loans.

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Is the Stafford Loan a government loan?

Stafford loans are a type of federal student loan that are either subsidized, meaning the government pays the interest while youre in school, or unsubsidized, meaning you pay all the interest. Stafford loans are a type of loan issued under the Federal Family Education Loan Program (FFELP).

Can Stafford Loans be forgiven?

There are two types of Stafford Loans: Subsidized and Unsubsidized Loans. Both types of Stafford Loans qualify for PSLF, but youll need to consolidate them into a Direct Consolidation Loan before they can be forgiven.

What is the difference between a Pell Grant and a Stafford Loan?

Pell Grants are free money, while student loans require repayment. Pell Grants are like gifts that dont need to be paid back, while student loans are borrowed funds with a payback requirement.

What is the new name for the Stafford loan?

Federal Stafford loans (now called Direct Subsidized Loans and Direct Unsubsidized Loans) are a common way to help pay for college.

Which student loans are not eligible for forgiveness?

If you have nonfederal or private loans, they are not eligible. I do not have any Direct Loans. Only Direct Loans are eligible for loan forgiveness under the TEPSLF opportunity. You have loans under other federal student loan programs, such as the FFEL Program or the Perkins Loan Program.

How do I apply for a stafford loan?

How To Apply. Stafford Loan applicants must complete a 2024-25 FAFSA and Caltechs 2024-25 Stafford Loan Request form. The Stafford Loan Request form is available through My Financial Aid on access. caltech, under the Forms tab.

Does a Stafford Loan qualify for loan forgiveness?

``Stafford Loans qualify for PSLF, but not automatically. They must be consolidated into a Direct Loan before being eligible for forgiveness There are two types of Stafford Loans: Subsidized and Unsubsidized Loans.

Federal Stafford Loan Request Form - Southeastern Bible College 2025

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