The subsidized Stafford loan

What is the Stafford student loan and why is it usually recommended as people's first option in applying for student loans anyway? The main attraction of this loan is that the subsidized version of it involves having the government pay for the interest rate up to six months after the student graduated from college. One of its key features is its low interest rate, which goes down up to 5.6 percent. This is also an attractive option for people because it doesn't require a credit review, so anybody can apply for it. Competition for the loan is stiff, and the subsidized Stafford loan also attracts people because it lends a larger amount to students. Keep in mind that to qualify for the subsidized Stafford loan, you should have submitted a Free Application for Federal Student Aid (FAFSA) and that your school has determined that you really do need financial aid.