Applying for federal student loans is a crucial step in financing your higher education. These loans, provided by the U.S. government, offer low-interest rates, flexible repayment options, and various forgiveness programs, making them an attractive choice for students and their families.
To apply for federal student loans, you must first complete the Free Application for Federal Student Aid (FAFSA). This form collects information about your financial situation, including your income, assets, and family size. The FAFSA determines your eligibility for federal student loans and grants.