Loans
Overview: Student Loan Programs
Federal student loans are a major source of funds available to assist students in meeting their educational costs. These loans are federal long-term loans designed to help students who have difficulty meeting college expenses. However, loans can become a significant financial obligation for you, so it is important that you understand how they work.
No loan may be made to a student who indicates an unwillingness to repay the loan. A prior default or delinquency on a loan or an established history of nonpayment of debts may be taken as evidence of an unwillingness to repay the loan.