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 will 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. In addition, students with a high loan debt will have to go through a loan appeal process to determine eligibility. Did You Know?Serving Hispanic StudentsAccording to the Hispanic Outlook in Higher Education, Del Mar College consistently ranks among the top fifty community colleges in the nation granting Associate degrees to Hispanic students.