For those who demonstrate sufficient financial need, the government will pay the interest on "subsidized" Stafford loans for students while they are enrolled in college. Otherwise, loans accumulate interest while a student is in school, and the student may either pay that interest as it comes due or let it be added to the principal balance.
Where to begin? With a first step that unfortunately is not easy -- filling out the Free Application for Federal Student Aid, or FAFSA. Read more