The Stafford loan is a type of student loan guaranteed from default by the federal government and comes in subsidized and unsubsidized flavors, depending on your FAFSA application. There are no payments while you're enrolled in school and a six-month grace period after graduation. No credit check is required, the interest rates are generally low and this is a much better option than a straight-up private student loan since the interest rate.
I had to take out a loan about 2 years ago for college. It wasn't anything big...just $500 to cover one more class. Chase is really good about working with you on a repayment plan. You don't even have to pay back the loan until 6 months after graduation, and as Mark099 said, you do get 0.25% off your interest rate for setting up automatic payments, which is the same route I took like he did. You just have to make sure you stay in school with at least 6 credit hours. They're a seriously good company to deal with any way I look at it.
If it werent for Chase i would have never gone to college. They were willing to help me fund my education and not be paid back till six months after i graduated. I make a reasonable payment and the interest rate is great. The customer service is fantastic as well. There is always someone there to help you no matter what time it is.
| Type | Today | Week Ago |
|---|---|---|
| 15 Year Fixed | 4.62%  |
4.67% |
| 30 Year Fixed | 5.15% | 5.15% |
| 1 Year ARM | 3.48% |
3.51% |
| 5/1 Year ARM | 3.62% |
3.68% |
| Type | Today | Week Ago |
|---|---|---|
| Line of Credit | 4.89%  |
4.88% |
| 10 Year Loan | 7.47% | 7.47% |
| 15 Year Loan | 7.61% |
7.60% |
| Type | Today | Week Ago |
|---|---|---|
| Interest Checking | 0.28% | 0.28% |
| Money Market/Savings | 0.38% | 0.38% |
| 12 Month CD | 1.13%  |
1.15% |
| 60 Month IRA CD | 2.40% |
2.41% |
| Type | Today | Week Ago |
|---|---|---|
| Cash Back Cards | 12.66% |
12.68% |
| No Annual Fee Cards | 12.08% |
11.97% |
| Reward Cards | 12.75% |
12.61% |
| Small Business Cards | 11.01% |
10.94% |
| Student Cards | 13.77% |
13.49% |
| Platinum Cards | 12.26% |
12.11% |
