Federal Student Loans
Federal Student Loans
A Federal Student Loan can be made directly to the student or to the parents. The Student Loan do not require any payments while the student is enrolled in college taken at least a half time study status. A Student Loan to the parents require that the parents immediately make payments on the loan, and there is higher limits to the amount that can be borrowed. Federal Student Loans are often not enough and private student loans are needed for the remaining amounts. Federal Student Loans should be thought of as a supplement to family resources and student work-study, and not the only way to pay college bills. Federal Student Loans are guaranteed by the U.S. Department of Education either directly or indirectly. A subsidized federal student loan is when the government makes interest payments while the student is in college. A unsubsidized federal student loan is when the government does not pay interest for the student. A subsidized loan requires the student to show a greater financial need than the unsubsidized loan. When the parents are the borrowers, they can borrow much more than the student. The parents are responsible for repaying the loan, not the student.
Federal Perkins Loan, Stafford loan, Federal Family Education Loans
Ford Direct Student Loans
Federal student loan consolidation
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