Federal Student Loan is the most common college student loan. There are mainly two kinds of federal student loans i.e. subsidized and unsubsidized. Subsidized college student loan: Government pays the interest whilst the student is attending the college. Unsubsidized college student loan: there is no interest free period and you will have to pay the interest with principal amount, after completion of education. Not all students qualify for a federal student loan. In case when students are unable to grab a federal student loan, there is another kind of student loan known as private student loan.
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