Federal Stafford Loan - is the main federal loan, has low interest rates and do not require credit checks or collateral. It is provided to the student. Federal Stafford credits can be subsidized and unsubsidized. In first case interests on the credit are paid by government during the period of study and in the second case student by himself pays the interests, however he/she has the possibility to defer the repayments till the leaving the course. To obtain subsidized type of the loan it is necessary to prove financial need in it.

Two types are singled out here:
•    Federal Family Education Loan Program (FFELP) loans are provided by private lenders, such as banks, credit unions and savings & loan associations. Federal government is controlling the process of paying off this loan by students.
And Federal Direct Student Loan Program (FDSLP)