what is a stafford loan?
<answer> It is a student loan offered to eligible students enrolled in accredited American institutions of higher education to help finance their education. <context> Stafford Loan. A Stafford Loan is a student loan offered to eligible students enrolled in accredited American institutions of higher education to help finance their education. The terms of the loans are described in Title IV of the Higher Education Act of 1965 (with subsequent amendments), which guarantees repayment to the lender if a student defaults.