Start your college financing process with a federal student loan. Federal loans are the largest source of education loans. Loans available under federal programs have very attractive terms when compared to most other borrowing options-lower interest rates, the possibility of having interest subsidized by the federal government while the borrower is in school, the ability to postpone making payments, longer repayment terms, and less stringent credit requirements.

For a better understanding of federal loan options, select one of the following:

Stafford loans

If a loan is needed to fund your child's education, first consider a Stafford loan. There are two types of Stafford loans; subsidized and unsubsidized.

For more information about Stafford Loans including:

• Advantages.
• Eligibility.
• Rates and fees.
• Loan limits.
• Repayment.

Federal perkins loans

A Federal Perkins Loan is a low-interest (5%) loan for undergraduate and graduate students with exceptional financial need.

For more information about Perkins Loans including:

• Advantages.
• Eligibility.
• Rates and fees.
• Loan limits.
• Repayment.