Federal student loans offer a way for students to apply for/receive loans to pay for college. In order to receive these loans and any grants you may qualify for, you fill out the FAFSA which will determine what you are eligible for based on how much family aid you are expected to receive. Federal student loans do not require a co-signer and do not depend on credit score, and offer relatively low interest rates. <span style="color: rgb(93, 103, 106);">Additionally, Federal student loans usually offer more flexible payment plans when repayment is due (after a specific grade period on graduating). </span>The types of Federal student loans are either subsidized or unsubsidized. Subsidized loans do not accrue interest while you are in school, while unsubsidized loans do.