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STUDENT LOANS 
Students Loans are a type of financial aid YOU MUST REPAY, including the interest accumulated during the repayment period. Federal Loans have a low annual interest rate and favourable repayment terms, including an extended repayment period. They are available for students and parents and the eligibility for different student loans can be based on financial need or not.
Remember that you are responsible for the loan debt even if you don’t finish your studies or you are not able to find the job you were looking for. If you fail to monthly repay your student loan and you do not make an arrangement with the loan holder, you will go into default and you will in the future have a lot of problems to obtain other types of loans.
The most popular loans are guaranteed by the Federal Government and regulated by the US Department of Education.
Student loans can be Federal o Direct, depending on who is the loan provider.
Federal Family Education Loan Program (FFELP): these student and parent loans are provided by private lenders such as banks, credit unions, savings and loan associations; and are guaranteed by the Federal Government. The loan holders are the banks and financial institutions.
Federal Direct Student Loan Program (FDSLP): The student and parent loans are offered directly by the Federal Government through the schools. The loans are managed and collected by the US Department of Education.
Both programs, Federal and Direct Student Loans, offer the same types of loans. Receiving a loan under one of these programs normally depends on which of these programs the school you will attend participates in.
Federal Perkins Loan: Is a low-interest loan available for students with economic need and the lowest Expected Family Contribution. This loan is provided by Educational institutions or schools.
Federal Family Education Loan Programs (FFELP)
Federal Direct Loan Programs (FDLP)
Federal Perkins Loan
How to receive the student loan money
 Students.net Homepage  Back to Student Loan
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