the.com/federal loans
the government lends you money today so future-you can pay tomorrow-you's tuition regrets.
means money borrowed from the government, usually for education, with fixed rates and repayment plans the private market wouldn't bother offering you.
from traces to the national defense education act of 1958, cold war panic over sputnik convinced congress that broke smart kids were a security risk worth subsidizing.
total debtover 1.7 trillion dollars owed nationally
no credit checksubsidized loans dont care about your credit score
forgiveness clockincome driven plans forgive balances after 20-25 years
for instance
direct subsidized loans — government pays interest while you're enrolled at least half time
parent plus loans — lets parents borrow the full cost of attendance, no cap