Government Student Loans

gov student loansStudent loans are a form of financial assistance offered to students in order to cover the enormous costs associated with attending college. By providing students with quickly accessible funds, student loans allow students to attend college without having to immediately deal with any financial hurdles that could keep them from completing their degree program. Student loans in the U.S. are offered by both the Department of Education as well as certified private lenders, and they allow students to explore and pursue various academic opportunities without the obstacle posed by financial constraints.

About Government Student Loans

The U.S. Department of Education offers financial aid in the forms of student loans and grants. Government Student Loans are disbursed from the Department of Education, and they allow students to borrow money in order to cover college costs. Interest rates on government student loans are often quite favorable, and repayment on most government student loans does not begin until after the borrower graduates. Government student loans are available without a cosigner, and are accessible in two forms: subsidized and unsubsidized federal student loans.


student-loans-applyAll applicants who are U.S. citizens or certified non-citizens are eligible for government student loans. In order to receive government student loans, a borrower must file and submit the Free Application for Federal Student Aid (FAFSA). The evaluation of the socio-economic status of the applicants is necessary as it determines the eligibility of the applicants for government student loans and the amount that they can borrow.


Government student loans have an interest rate that is generally at least 2% lower than typical private loans. Government student loans offer a grace period of six months after graduation or when the student drops below full-time status before repayment begins. Borrowers have the choice of extending the repayment period, which decreases the monthly installment to be paid but increases the interest on the loan and thus the total cost of the loan will increase as well.