Annual Award
Federal Student Aid
Award Amount: $20,500
Deadline: Not specified
Location: Not specified
Minimum GPA: Not specified
Grade Level: 12
Overview
A federal student loan is made through a loan program administered by the federal government. These loans offer many benefits that typically do not accompany private loans, including fixed interest rates, income-based repayment plans, loan cancellation for certain types of employment, and deferment options. Students and parents are encouraged to exhaust federal student loan options first before considering a private loan to cover the cost of education.