federal loan
State-backed borrowing
A federal loan is money borrowed from the U.S. government rather than a private lender.
The term most commonly refers to student loans issued through programs like Stafford or PLUS loans, which typically offer lower interest rates and more flexible repayment options than private alternatives: She consolidated her federal loans after graduation.
Federal loans also exist for housing, small businesses, and disaster relief.
- studentOne formally enrolled somewhere
- borrowerOne who takes temporarily
- interestAttention, stake, or fee
- interest rateCost of borrowing money
- repaymentGiving back what's owed
Stafford · FAFSA · disbursement · subsidized · unsubsidized · consolidation · default · credit score · deferment · forbearance · forgiveness · tuition · debt · cosigner · promissory · servicer · grace period · financial aid
federal loanprivate loan
Non-institutional borrowed money
commercial loan · bank loan · payday loan · credit union loan · family loan
federal loanfederal grant
Money from national government
government grant · scholarship · inheritance · gift · equity investment
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