Federal student loans
Low-interest loans for college with income-based repayment options.
Apply on the official site ↗Goes to StudentAid.gov. Applying is free.
Who generally qualifies
Most college students enrolled at least half time.
Exact income limits and rules are set by U.S. Department of Education and can change. Check the official site for current details.
How to apply
- Fill out the FAFSA.
- Accept only the amount you need through your school.
What to have ready
- FAFSA information
- Signed loan agreement
Common questions
- Does it cost anything to apply?
- No. Applying through the official site is free. Be wary of anyone who charges a fee to apply for you.
- Do I have to pay it back?
- Yes. This is a loan and must be repaid, usually on better terms than a regular loan.
- Who decides if I qualify?
- U.S. Department of Education makes the final decision. This page explains the program in general terms only.
- Where can I find current income limits and amounts?
- Income limits, benefit amounts and deadlines change, so check StudentAid.gov for the latest details.
Link checked October 22, 2026. BenefitSearch is not affiliated with U.S. Department of Education.