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	College Loan Federal student loans Start College: Ask your college first College Education Planing How to choose the right college   Student Loan Consolidation: Get rid of student loans Repayment Plans Student loan consolidation College tuition is going to cost you?   College Cost: Dealing with the cost of college as a family The College Student’s Guide To Saving Money College costs depend on where you go to school   College Financing: College financing Where to look for college funding A simple comparison of education plans Financial aid for college 529 savings plans Coverdell accounts Education bond programs and custodial accounts Get all of the federal loans and grants that you can Free Application for Federal Student Aid Getting state financial aid for college Paid tuition plans Private grant or a private scholarship Paying for college Higher Education Student Loans Federal Student Loans Parent Loans for Undergraduate Students Private student loans Most of the federal student loans that are given out each year are made out directly to the student applying for college or university. They often do not pay for the entire education but rather help to make up for any lack in funds from the family or other resources like scholarships or grants. Some of these student loans are subsidized and others are not, it all depends on the loan in question. Each federal student loan, no matter whether it is subsidized or not is guaranteed through the US Department of Education. Anyone who wants to go to school can apply for these loans regardless of previous debts and it is only 6 months after graduation that payments on these loans need to start being made. If the student does not graduate then payments will start three months after he or she ceases to be a full time school attendee. Federal student loans are not limitless, in fact their limits are quite modest. You do not get paid according to the school that you attend, there is a set limit that any student can get for their education each year and this is determined by their financial status and situation. If a family does not have the money to put their child through school then they may be eligible for a subsidized federal student loan. During the time that the child is attending school it is the government that will pay the interest payments on the loan. This means that the student will not owe more than they borrowed upon graduation. Unsubsidized federal student loans on the other hand will accumulate interest as the student attends school and this as well as the principal will be due after graduation. In fact the interest accrued and the original principal will be rolled together at graduation and payments will be due on them within 6 months time. Of course students who can afford to can pay the interest while they are in school, there is no reason why they need to wait until graduation. For the most part the amount of money that one can get for a student loan is a set amount no matter what courses the student decides to study, but there is an exception for those who want to go into the field of medicine. For these students federal student loans with higher limits can be found such as the Stafford loans and the Perkins loan.