STAFFORD LOAN
Stafford loans are student loans that is under the federal government and has a fixed-rate. These loans are available to college and university undergraduate and graduate student provided that they are currently attending school. The purpose of stafford loans is to supply the needs of students so that the cost of personal and familial living won’t be compromised by paying for any or all of the following costs of education: lodging, books, transportation, meals, tuition fees, and other school-related expenses. Scholarships, grants, and work-study are offered by this loan.
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Original Cost
It simply refers to the total cost associated in buying an asset.
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