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Student & Parent Loans
A loan is money you borrow that must be repaid, usually with interest costs. If you need to borrow, you should always take out a federal loan first. the interest rate will be low and you'll have at least 10 years to repay, along with other benefits.

(Click the links below for more information about each loan)

Federal Stafford Loan

Federal Stafford loans are the most common student loans.Subsidized Stafford Loans are for students with financial need. The government pays the interest while you're in  college and for six months after you graduate. Unsubsidized Stafford Loans are for qualified students regardless of income or assets. You're responsible for paying all the interest on unsubsidized loans. The interest rate for Stafford loans is 6.8%.

Federal Perkins Loan

Federal Perkins loans are low-interest loans for students with exceptional financial need and are administered by participating colleges.

Federal Parent PLUS Loan

Federal Parent PLUS loans help parents pay for their child's college education. The interest rate is 7.9% or 8.5%, depending on the college.