It’s a standard and desire in the world today for students to seek after a college education after finishing high school. The amount it cost to go to college is becoming extremely expensive, and a most students experience issues paying for their tuition. To pay for their tuitions, the majority of students need to get loans and once they finish college, those students finish college with holes in their pockets from debt. Student loan debt is at the highest its ever been with so many students graduating, and then not being able to find a job, so they can’t pay off their loans, and they probably don’t know the terms of their loans and the different ways they could pay them off. There are multiple types of financial aid accessible to students like loans, grants, and scholarships. There are tons of different ways to receive financial help that students can use. There are numerous sites that are filled with an endless list of grants. You can get grants because of your race, GPA, income, and so forth. Some might make you write a paper and then on some all you might have to do is apply. Scholarships and grants is money that is given to you that you will never have to pay back. Most are government funded from state or federal agencies. Loans on the other hand have to be paid back and all have to be paid back. There are two kinds of loans students can get and those are Private and Federal Loans. The Federal loans are given to students by the government. There are three different Federal Loans and they are Federal Perkin Loan, Federal Stafford Loan, and Federal Plus Loan. There are two different Stafford loans a student can take out: Subsidized and Unsubsidized. To be qualified for these, you have to be a full or part time student at a school with a Direct Loan Program. Also the student has to have a major that will lead to a degree. Subsidized loans are given to people based on what they put on their FASFA application. There is only a certain amount of money a student can get a year, and the limit varies according to the studetns financial situation. Also with subsidized loans interest is paid for you by the government while you’re still in college. Which is great because you are only having to pay the money you received and don’t have to pay for any extra fees.