Do you need to apply for Federal Student Loans? Getting a college or university education may well be the most crucial accomplishment anyone can achieve in a lifetime.
In a recent report, the US Department of Education stated that over eighteen thousand men and women had enrolled in a degree-granting institution for that year, and by 2016, those numbers will have had increased to nearly twenty-one thousand students.
Recent facts regarding tuition at Stanford University showed that out of the 6,689 students enrolled over a four-quarter term, 5,197 of the student’s required financial aid at an average debt cost of over $16,700.
Do you have to apply for a Federal Student Loan to pursue a college degree?
With the costs of college tuition increasing every year, it is becoming more and more difficult for students to afford the required funding to attain a college degree. With Federal Student Loans, many are afforded the option of college which may not have been available otherwise.
Of the more popular Federal Student Loans, are Federal Stafford Loans. Federal Stafford Loans come in two forms:
- Subsidized Stafford Loans
- Unsubsidized Stafford Loans