A loan is money you borrow and must pay back with interest.
Federal Student Loan Programs
A federal student loan allows students and their parents to borrow money to help pay for college through loan programs supported by the federal government.
Loans made by the federal government, called federal student loans, usually offer borrowers lower interest rates and have more flexible repayment options than loans from banks or other private sources.
Types of Federal Student Loans
Federal Direct Loans
|2017-2018 Federal Direct Stafford Loan||The William D. Ford Federal Direct Loan (Direct Loan) Program is the largest federal student loan program. Under this program, the U.S. Department of Education is your lender.|
|2017-2018 Federal Direct PLUS Stafford Loan|
|2017-2018 Perkins Loan||The Federal Perkins Loan Program is a school-based loan program for undergraduates and graduate students with exceptional financial need. Under this program, the school is your lender.|
Private Loans- Miami Dade College certifies private loans for International Students, or students in "high cost" educational programs (i.e. Aviation-Pilot Technology, Physician Assistant, etc.).