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| Eligibility and Characteristics |  Eligibility
• You have to complete Free Application for Federal Student Aid (FAFSA).
• If you want to have subsidized Stafford loans, you must have financial need as determined by your school.
• You must be a U.S. citizen or national, a U.S. permanent resident, or eligible non-citizen.
• You must be enrolled or plan to enroll at least half time.
• You must be accepted for enrollment or attend a school that participates in the Federal Family Education Loan Program.
• Have no education loans in default or owe education grant refunds
Special eligibility requirements:
• If you are male and 18-25 years old you have to be registered with the Selective Service
• You have to produce financial need to get a subsidized loan
Characteristics
• Repayment is flexible, can include consolidation.
• While you are in school at least half time no payments are required.
• You can get life-of-loan servicing.
• You have not pay in advance
• Sometimes no credit check is required.
• No payments are required during six-month grace period which immediately following your graduation or dropping to less-than-half-time status.
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