A Federal Student Loan Is Designed To Help You Pay For College

A Federal student loan is designed to help you pay for college. Federal student loans generally offer the lowest rates for college monies. You also get to defer your payments until after graduation. To apply, you need to fill out a free application for Federal student financial aid called FAFSA. You can fill it out and mail it in or complete the application over the internet. This application will ask you information about your household composition, household income, assets, and education information. This information will help determine the maximum amount of loan you are eligible for.