Federal Student Loan Program Facts and FAQ

Federal student loans help university students, college students and other students who qualify, with finding money to pay for their course of study.

To submit an application for a federal student loan in the United States, all applicants need to have their social security number. College students will also be required to show evidence of financial need in order to apply for a federal student loan.

How to Get Money for College: Financing Your Future Beyond Federal Aid

Students who need help in applying for a federal student loan can contact the financial aid office at their university or college.

Getting a loan is difficult. Getting bad credit loans is even harder. Diligently putting money saving tips into practice can help students gather some of the funds for tuition, so that they are able to borrow less money.

Borrowing less money means that, of course, there will be less money to repay when the course of study is completed. Many students have found that they can save enough to cover a significant portion of their tuition and books, if they start working and saving early.

Students sometimes have to become entrepreneurs in order to earn the money that they need. Some federal student loans do not cover the additional costs of education, and having some money saved, can help students who have to pay significant sums for these other expenses.