5 Tips for Navigating the Federal Loan Process

For many families already reeling from the economic slowdown the thought of financing college is overwhelming. Federal student loans are fixed-rate loans guaranteed by the federal government and come in different shapes and sizes. But nit-picky rules and pages of instructions make the process no walk in the park. Here are five tips from government aid experts to help make the federal loan process easy to navigate.

To find out what kind of student loan you are eligible for, fill out the Free Application for Federal Student Aid, or FAFSA.

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