National Student Loan Data System for Students:
The Department of Education is an institution of the Federal Government which provides US citizens interested in college financial aid opportunities in the form of loans and grants. Students can receive both subsidized and unsubsidized loans through the Department of Education; these will need to be paid back once the borrower’s education has been completed. In addition, some students may be eligible for grants such as a Pell Grant which does not require repayment following the completion of the borrower’s education.
Subsidized loans are a popular option with many students as it allows them to continue their education without accruing additional interest costs while they are attending college. These loans are subsidized by the Federal Government during a students education, that is, the interest charged while in school is paid for and does not add to your debt.
Additional Information about Federal Student Loans and Grants:
Contact:
1-800-4FED-AID
Source:
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