Stafford Loan what is that?

Stafford loa is a federal student loan. Last year, in 2019, the interest rate on the loan ranged somewhat in between 4.5% to 7%.

Well, this is a federal student loan available to both undergraduates, graduates, and working students. They have a fixed interest rate. Both the subsidized and unsubsidized are available. The interest rate on the loan is usually adjusted annually on July 1st of every year. But the interest rate doesn't surpass 8.25%.