Question

Students must start paying back Stafford Loans:

Answer 1

The answer is B. One year after leaving school or dropping below half-time status.

Answer 2

Answer: D. Six months after leaving school or dropping below half time status.

A Stafford Loan is a loan for post-secondary education, named after U.S. Senator Robert Stafford, a Republican from Vermont.The loan is offered to students in American institutions of higher education. They are guaranteed by the full faith of the government, which means that they can be offered at a lower interest rate than a private loan.

No principals are paid while the student is at school, at least half-time. The "grace period" continues for six months after the student leaves school (graduating, withdrawing or dropping below half-time).