Federal student loans allow students and their parents to borrow money directly from the government. If you need financial assistance for college, chances are you’ll be looking closely at these options.

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At Wingate University, you’re automatically considered for scholarship assistance when you apply. You’ll also fill out the FAFSA to determine your eligibility for federal money. If you are eligible for aid, federal student loans are included as part of your student aid package. These loans allow students to make up the difference between the cost of attendance and their expected family contribution.

Why Choose Federal Loans?

Among the advantages of federal student loans are fixed and often lower interest rates and income-based repayment plans. You don’t have to start paying back federal student loans until you graduate, leave school or attend less than half-time.

Undergraduate students with financial need may qualify for a subsidized loan. That means the government covers the interest as long as you are in school on at least a half-time basis. In most cases, you don’t need a cosigner for a federal loan. Credit checks are required for PLUS and Graduate PLUS loans. In certain cases, you may need a cosigner for these loans.

Types of Federal Loans

There are three different types of federal student loans you may want to learn about:

Getting Started

Are you looking for federal aid? Start at the beginning by filling out the the FAFSA. In two to four weeks, your financial aid package will arrive and let you know what your next steps are.