| Federal Student Loans | | | | FAFSA. Proof of their financial condition and the need |
| Loans granted are based on the credit score of the | | | | for financial assistance should be expressed by way |
| borrower. The interest rates are fixed and | | | | of a FAFSA application. Part-time college enrollment is |
| comparatively low and repayment begins six months | | | | a minimum requirement to qualify for a federal |
| after the completing your graduation or a little earlier. | | | | subsidized loan. No credit check required. Independent |
| These loans are guaranteed by the Federal | | | | students or students whose parents have a bad |
| Government. | | | | credit history can apply. |
| Subsidized Federal Students Loan | | | | Private Student Loan as an Alternative |
| The Federal Government undertakes to pay the | | | | Private student's loan is an unsecured credit based |
| interest portion on the loan availed to the respective | | | | loan offered to graduate or undergraduate or |
| lending institution on behalf of the student while the | | | | continuing education students and their parents, |
| responsibility to repay the principal loan amount rests | | | | where the students are at least 18 years of age. |
| the student. Also called the Stafford Subsidized | | | | There is no question of choice, Private or the |
| Students Loan program, the approval is highly | | | | Alternative Student Loan option generally |
| restricted. | | | | supplements the Federal Student Loan as the |
| Federal Loan Approval | | | | benefits offered by a federal loan is far more than |
| Students scouting for a subsidized loan should file the | | | | private loans. |