An education loan is a form of financial aid that must be repaid, with interest. Eligibility may be based on tuition costs and financial need for the loan. Each loan type comes with certain eligibility requirements and terms that must be met. Federal loans require acceptance into a degree seeking program or certificate program.
Most loans require a be filed.
Limits are set on how much financial assistance students can receive in the form of federal student loans, frequently determined by the student’s financial need and grade level. Federal law sets the maximum interest rates and fees that lenders may charge for federally guaranteed loans.
All loans are applied to the student's account.