If you apply for government student loans, you may be offered government student loans as part of your university's financial aid. A student loan is money you can borrow and must pay back with varying interest.
If you then decide to take out a government student loan, make sure you know who is making the loan and the terms and conditions of the loan. Government student loans can come from the federal government or from private lender sources like a bank or any financial institution. Loans given by the federal government, called federal government student loans, can usually offer borrowers lower interest rates and have flexibility in their payment options than loans from private banks or other private sources. Learn more about government student loans