Federal Loans and Work Study
The Federal government offers a variety of loans, including Federal Direct Loans, Federal Perkins Loans and Federal PLUS Loans for parents and for graduate students. You can also get a job through the Federal Work-Study Program to help finance your education.
Some loans are based on financial need. These federally-guaranteed loans are offered at low interest rates and should be considered first.
Before you apply for any loan, be sure you get all the free state and federal money that may be available to you. You should also take advantage of all the available government tax credits and deductions.
Remember, a loan must be paid back – with interest - so use loans wisely.