If a student is enrolled in at least half-time at an eligible school, in a rehabilitation training program for people with disabilities, unemployed, in a graduate fellowship program, or suffering economic hardship then he is eligible for defer payments. The Federal Stafford Loan is very helpful to most college students who are not capable to pay the high cost of education in USA. Repayment period of 10 years is enough for the student to look for an extra job to finance his education. Before, financing the college education is a problem but because of these loans a student can attend his class without worrying his financial capabilities.