Whether you’re a recent high school graduate, an associate degree holder looking to gain your bachelor’s, or a graduate student looking to gain a doctorate, you’re likely going to need at least some financial assistance to pay for your new degree. According to The College Board, the cost of a public, four-year college in the year 2000 was $12,440/yearand the cost of the same institution in 2020 will be $21,950/year. That kind of increase in cost has driven an equivalent increase in borrowing and, while it’s be best to avoid debt in general, ignoring the possible benefits provided by a college education just isn’t an option for most. Luckily, the government provides some excellent options for those looking to finance their degrees.
Student Loans Center
What are Government (Federal) Loans?
‘Government loans’is just another term for federal students loans. These loans are provided by the federal government in the hopes that more Americans will be able to use them to afford college. The first federal student loan program, started in 1958,required that government funds be matched by the student’s educational institution. However, these days, loans are provided without that caveat, as well as without the requirement of a credit check, excessive fees, or many of the other issues associated with private student loans. If you’re looking to cover your tuition and scholarships and grants just aren’t going to cut it, this should be your first stop in your search for loans to put toward your education.