Get help finding the best student loan, a smart repayment plan or your quickest path to loan forgiveness — and, find options if you're having trouble. Student loans tools and guides FINANCIAL AID See the FAFSA guide See how to qualify for federal student aid ...
FAFSA stands for Free Application for Federal Financial Aid - the federal student loan application to apply for student grants and loans.
U.S. student loan borrowers collectively owe $1.77 trillion in federal and private student loan debt in 2025, according to the most recent quarterly tally by the Federal Reserve. The average borrower with undergraduate student debt owes $29,300, per College Board. Here are the key 2025 student...
Federal student loans usually need to be paid back; however, your repayment terms can vary depending on the type of loan you received. Continue reading to learn more.
2) Complete the FAFSA Once you’ve determined your school is eligible, you’ll need to complete the Free Application for Federal Student Aid (FAFSA). You can do this online, but you’ll need to create an FSA ID if you don’t already have one. ...
What to know first:Regardless of the student loan type, it's best to start with federal loans. Most don’t require a credit check, and they come with competitive fixed rates and robust borrower protections. You can also pursue private student loans to supplement federal funding. ...
Mistakes that require your attention on either the FAFSA®or your private student loan application could delay your approval or disbursement. Not completing entrance counseling, a legally mandated requirement to receive most federal student loans, could create delays when it comes to student loan disb...
WASHINGTON (AP) — An hours-long outage Wednesday on StudentAid.gov, the federal website for student loans and financial aid, underscored the risks in rapidly gutting the Department of Education, as President Donald Trump aims to dismantle the agency. Hu
SAI is the number calculated, with information from the FAFSA, to determine a student's eligibility for college financial aid.
A Perkins student loan was a type of student college loan made to students with exceptional financial need, based upon the student's FAFSA financial aid application. Funds were provided by the federal government for these loans. The interest rate for Perkins loans is 5%, and payments begin 9 ...