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How to Pay for College > What are the Types of Aid Available? > Loans

There are two main sources of student loans: private and federal. As a college student, you should exhaust all other choices before taking out a private loan, as they are more difficult to get and don’t come with flexible repayment options.

 

The most common type of federal loan is the Stafford Loan, which comes directly from the federal government. To apply for federal student loans, you will need to complete the FAFSA.

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The above information is intended solely for general use. While every attempt has been made to ensure its accuracy, Frank makes no representations or warranties as to the validity or completeness of any information. Frank will not be responsible for any errors or omissions in this information, or for any losses or damages arising from its use. Please seek the assistance of a professional who knows your particular situation for personal financial advice.

 

We are not affiliated with the U.S. Department of Education. Federal Student Aid (FSA), an office of the U.S. Department of Education, makes the Free Application for Federal Student Aid (FAFSA®) form and assistance available to the public for free at fafsa.gov.

 

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