Federal Loans
The U.S. government knows that higher education does not come cheap. That's why it offers many different federal loans to help offset student costs. Because these are guaranteed by the federal government, interest rates are lower than what you could expect from a private lender. However, there are also limits on how much money you can receive from federal student loans.
Stafford Loans | Understanding Stafford Student Loan
Stafford loans are one of the most common sources of government student loan funds. Find out whether you qualify and how much you can get.
Parent Plus Loans | Understanding Plus Loans
More commonly known as "loans for parents," these loans are usually credit-based. Learn all the basics about PLUS loans, including how you can spend the money and if there are any additional fees.
Perkins Loans | Understanding Perkins Student Loan
Only students who demonstrate considerable financial need are considered for Perkins loans. Explore eligibility requirements, interest rates and other essentials.
FAFSA Application | How to Apply for Student Loan
The first and most important step in applying for federal loans is to complete a Free Application for Federal Student Aid (FAFSA). Learn how to apply online and find out how much the federal government can help you.
Federal Student Loan Disbursement
Once you've determined which federal loan is best for you and your FAFSA is complete, learn about the best part of a student loan: getting the money.
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Learn more about federal loans on the next page, Stafford Loans | Understanding Stafford Student Loan, which goes into detail about Stafford loans.