If you decide to finance some of your educational expenses through loans, these government sponsored student loans should be first on your list of options. Their terms, generally are more favorable than credit-based loans. Your eligibility is determined by the Free Application for Federal Student Aid (FAFSA).
Both the Federal Stafford Loan and the Federal Perkins Loan have very favorable terms, including low-interest rates and deferred repayment options. The Massachusetts No Interest Loan is awarded to Massachusetts residents with high calculated financial eligibility.
All student loans are subject to annual maximum amounts, and the student must be the applicant/borrower.
For detailed information about your Federal Student Loan borrowing history including contact information for your Stafford Loan servicer, visit the National Student Loan Data System (NSLDS).