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The best education loan available is the federal Stafford Loan. There are two types of Stafford loans: subsidized and unsubsidized. You can find out more about Stafford loans and why you should use federal student loans in this previous college blog post of mine:
Part of what makes student loans so complex is the sheer number of options. And if you donât know which one youâre choosing, you could end up with the wrong one for your financial situation. The Direct Loan, also known as a Federal Stafford Loan, is one of the most common federal student loans. If youâre evaluating your loan options at the moment, it helps to know a little more about the Federal Stafford Loan, since it comes in different versions to suit the needs of different borrowers. Understanding the Federal Stafford Loan.