Federal Student Loans USA Guide For 2023

After the Covid 19 shockwaves, there have been changes made to the federal student loans program as a part of Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

Types Of Federal Student Loan

Direct subsidized Direct Unsubsidized Consolidation loans Parent Plus Grad Plus

Eligibility For Federal Student Loan

– Be a United States citizen or eligible non-citizen. – Have a valid Social Security number (SSN). – Eligible degree or certificate program, at least half-time. – Maintain academic progress in college. – Should not be involved in existing federal student loans.

How To Get Federal Student Loan

1. Examine your college of choice is eligible for federal aid 2. Fill out the FAFSA 3. Review your award letter

Benefits Of Federal Student Loan

-Lower Interest Rates -Fixed Interest Rates -Income-Driven Repayment Plans -Deferment and Forbearance Options -No Prepayment Penalties

Federal Student Loan Alternative

-Private Student Loan -Scholarships -Grants 

To know more about federal student loan borrowing limits, student eligibility, interest rates Click On The Link Below