iExplore Manufacturing Careers

Information about Federal Student Loans

Federal Student Loans for college or career school are an investment in your future!

You must repay your loan, so be sure you understand your options and responsibilities

If you apply for financial aid, you may be offered loans as part of your school's financial aid offer. A loan is money you borrow and must pay back with interest.

If you decide to take out a loan, make sure you understand who is making the loan and the terms and conditions of the loan. Student loans can come from the federal government or from private sources such as a bank or financial institution. Loans made by the federal government, called federal student loans, usually offer borrowers lower interest rates and have more flexible repayment options than loans from banks or other private sources.

Learn more about Federal Student Loans on our iExplore Federal Student Loans page