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Students qualify for the subsidized Stafford loan based on financial need, which is determined in part by the cost of attending a school.
WSJ: Does the New Student-Loan Legislation Go Far Enough?
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These borrowers will be limited to other federal loans including the unsubsidized Stafford loan, which charges a 6.8% rate, and the graduate PLUS loan, which charges 7.9% or a private loan.
WSJ: Does the New Student-Loan Legislation Go Far Enough?
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Mr. Obama's plan is purely for fixed, not floating, rates at the 10-year Treasury rate plus 0.93% or 2.93% depending on the type of Stafford loan, and it has no rate cap.
WSJ: Review & Outlook: Obama's Student-Loan Props
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The Sabres tied it up 2-2 with 26 seconds to go in the third, forcing the game into overtime and then a shootout, where Buffalo right wing Drew Stafford netted the loan goal for the win.
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Meanwhile, trialist Claus Jorgensen has refused a deal at Vale Park after manager Micky Adams offered the former Blackpool midfielder a short-term contract, and striker Steve Thompson has joined Blue Square North side Stafford Rangers on loan.
BBC: Haldane pleased for Vale lifeline
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Basham, who can play in midfield or defence, also had loan spells at Stafford Rangers and Rochdale after coming through Bolton's youth system.
BBC: Blackpool sign Chris Basham from Bolton Wanderers
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More student borrowers turn to subsidized Stafford loans than any other type of college loan.
WSJ: Does the New Student-Loan Legislation Go Far Enough?
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In the 2006 budget-cutting "reconciliation" bill President George W. Bush signed this month, the best known student loan programs for middle-class families--Stafford loans for students and so-called PLUS loans for parents--took a big hit.
FORBES: College Loan Crunch
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Some Stafford loans are subsidized, which means the government will pay for the interest on the loan accrued while the student is in school for at least part of the time.
FORBES: Intelligetn Investing Panel