Student Loans
If you decide to finance some of your educational expenses through loans, these government sponsored student loans should be first on your list of options. Their terms, generally are more favorable than consumer loans or credit-based educational loans. Your eligibility is determined by the Free Application for Federal Student Aid (FAFSA).
The Federal Direct Loan has very favorable terms, including deferred repayment options. The Massachusetts No Interest Loan is awarded to Massachusetts residents with high calculated financial need.
All student loans are subject to annual maximum amounts, and the student must be the applicant/borrower.
For detailed information about your Federal Student Loan borrowing history including contact information for your Direct Loan servicer, visit the studentaid.gov website.
