Yes, loans are considered a type of financial aid! While borrowing is never encouraged, the uniqueness of the Federal student loan programs provides tools and options for assurance that loan repayment should not be a burden. Basically there are two types of educational loans: 1) subsidized, whereby the federal government subsidizes (pays) the interest associated on the loan during periods of eligible deferment (such a while in enrolled at least half-time in a degree seeking program); or 2) unsubsidized, where no interest is being subsidized, meaning that interest is accruing at the time of disbursement for the amount disbursed (unless one is making interest payments). Below is more information on the types of educational loans available.
For details regarding educational loans available to undergraduate students:
For details regarding educational loans available to various graduate and professional students:
For details regarding educational loans available to parents of dependent undergraduate students:
Please review our special video offerings from renowned Student Loans Debt Management specialist, Dr. Jeffrey Hanson, to learn more about the uniqueness of the current attributes of the Federal Student Loan programs.