In general, federal student loans are also referred to as government loans which are organized and funded by the U.S. Department of Education and deployed to the students who filled the form through the federal student aid program.

1. Prepared by The Next Tech Team
Federal Student
Loans USA
THE NEXT TECH

2. Introduction
Types of FSL
Eligibility criteria
How to get
Advantages of FSL
FAQs
1.
2.
3.
4.
5.
6.
O v e r v i e w

3. In general, federal student loans are also referred to as
government loans which are organized and funded by the
U.S. Department of Education and deployed to the
students who filled the form through the federal student
aid program.
Unlike private loan institutions, federal loans for students
don’t require a credit check, proof of income, and broker.
You will have to repay the loans with interest.
Introduction
After the Covid 19 shockwaves, there have been changes made
to the federal student loans program as a part of Coronavirus
Aid, Relief, and Economic Security Act (CARES Act).

4. FSL
Types
Direct Subsidized
Direct Unsubsidized
Parent PLUS
Grad PLUS
Consolidation Loans
The United States
Department of
Education’s federal
student loan
program is managed
under William D.
Ford Federal Direct
Loan Program.
Types Of
Federal
Student
Loans

5. Eligibility For Federal Student Loans
Before you plan to take a federal student loan, be sure you must qualify for a
federal student loan. Here’s the qualifying metrics to check for:
01 Be a United States citizen or
eligible non-citizen.
02 Have a valid Social Security
number (SSN).
03 Eligible degree or certificate
program, at least half-time.
04 Maintain academic
progress in college.
05 Should not be involved in
existing federal student loans.

6. Examine your college of choice is
eligible for federal aid
How To Get Federal
Student Loan
Fill out the Free Application for
Federal Student Aid (FAFSA)
Review your award letter and
finalize the amount

7. Lower Interest Rates: Federal
student loans typically come
with lower fixed interest rates
compared to private loans.
Federal student loans offer several benefits that can make them an
attractive option for financing higher education.
Advantages Of Federal
Student Loans
02 03
Fixed Interest Rates: Federal
loans offer fixed interest rates,
meaning your interest rate won’t
change over the life of the loan.
Income-Driven Repayment Plans:
Federal loans offer various income-
driven repayment plans that adjust
your monthly payments based on
your income and family size.
Deferment and Forbearance
Options: Reduce your loan
payments through deferment or
forbearance if you experience
financial difficulties, such as
unemployment or economic
hardship.
No Prepayment Penalties: You
can make extra payments on
your federal loans without
incurring any prepayment
penalties.

8. FREQUENTLY
ASKED
QUESTIONS

9. How do I apply for federal student loans?
Q u e s t i o n s
Before you plan to take a federal student loan, be sure you must qualify for a
federal student loan. Here’s the qualifying metrics to check for:
What's the difference between subsidized and unsubsidized loans?
Before you plan to take a federal student loan, be sure you must qualify for a
federal student loan. Here’s the qualifying metrics to check for:
How much can I borrow through federal student loans?
The amount you can borrow depends on factors like your year in school, dependency
status, and the cost of attendance at your chosen institution.

10. Can federal student loans be discharged in bankruptcy?
Q u e s t i o n s
While it's challenging, it's not impossible to have federal student loans
discharged in bankruptcy.
Can I consolidate federal student loans?
Yes, you can consolidate multiple federal student loans into a single Direct
Consolidation Loan.

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