Introduction to Federal Student Loans
Several low-cost, fixed-rate loans are available to undergraduate, graduate and professional students and parents of undergraduate students from the U.S. Department of Education’s federal education loan program.
Federal Stafford Loans
Federal Parent PLUS Loans
Available to undergraduate and graduate students, the Federal Stafford Loan is the most popular student loan program. Federal Stafford loans offer low, fixed interest rates and subsidized interest to eligible undergraduates.
Parents of undergraduate students may be eligible for the Federal Parent PLUS loan, a low, fixed interest rate loan with flexible loan limits. A simple credit check is required to qualify.
Federal Grad PLUS Loan for Graduate Students
Available to graduate and professional school students, the Federal Grad PLUS Loan offers a low, fixed interest rate. Borrowers must file the FAFSA and pass a simple credit check to qualify.
Federal Perkins Loans
Awarded to undergraduate, graduate and professional students with exceptional financial need, the Federal Perkins Loan is a low-interest, fixed-rate loan that does not accrue interest while the student is in school or during the grace period.