<p>You should have information in the literature that the lender provided or that your school has. Compare the websites of your lender, finaid.org, and other "preferred lenders" </p>
<p>Rules for Staffords changed on July 01, 2006. Failure to understand the new rules will really get you "sc**wed." </p>
<p>Think of understanding the student loan process as very short course of 2 hours. Getting an F or D will cause your life to be miserable. An C or B grade will put you "average" will be a constant reminder of your college days. An A grade will make you wealthy because you took the time and effort to understand how a particular type of loan works, and realize that other loans have their own peculiar features which may work for or against your best interests.</p>