The federal Direct Loan program is better known as Stafford Loans. These are available to undergraduate and graduate students alike. Money for these loans comes directly from the federal government. Stafford Loans come in two types: subsidized and unsubsidized.

What are the names of student loans?

There are three types of federal student loans:

  • Direct Subsidized Loans.
  • Direct Unsubsidized Loans.
  • Direct PLUS Loans, of which there are two types: Grad PLUS Loans for graduate and professional students, as well as loans that can be issued to a student’s parents, also known as Parent PLUS Loans.

    For many students, borrowing money — also known as taking out a loan — is a way to make their college dreams come true. The federal government offers need-based loans to students. Eligibility for these loans is determined by the Free Application for Federal Student Aid (FAFSA).

    What kind of student loans does my daughter have?

    Dear Liz: I co-signed some private student loans for my youngest child. She graduated two years ago with about $80,000 in student debt, including federal and private loans. Like many other recent graduates, she has had a difficult time finding a job.

    Are there alternatives to borrowing for Your Child’s College?

    There are better alternatives to parents borrowing for their children’s education. First, parents and students need to look for ways to graduate college debt free. It’s possible, and many students have done it. Next , parents and students should look for financial aid programs that could help.

    Can a parent help their child get a student loan?

    Even if both you and your child received federal loan offers, and your child was awarded some scholarship money, it still might not cover the total cost of paying for college. Private student loans can help bridge that gap.

    How can I help my child pay for college?

    Your kids can get help paying for school, but there is nobody that will help you pay for your own future. For Students: There are a lot of future options if the student loan is in your name, including student loan forgiveness and various repayment plans that can lower payments. Take the story of Debra Crow.