Reported 3 days ago
Federal student loans are an essential resource for many students covering their college expenses, offering benefits like fixed interest rates, clear repayment terms, and potential forgiveness options. To access the loans, students must complete the FAFSA to determine their eligibility and financial aid offers. Various types of loans are available, such as Direct Subsidized, Unsubsidized, PLUS, and Consolidation loans, each with specific limits and interest rates. While federal loans have advantages over private options, including easier approval and income-driven repayment plans, borrowers must carefully consider their options and potential debt before committing.
Source: YAHOO