Within a span of a generation, the educational industry has seen a dramatic shift. Educational institutes have relocated to expansive campuses with highly qualified faculties and state of the art facilities to help educate the future. These multimillion dollar investments have produced the finest academics of our generation. However on the flipside, these advancements have also alienated a section of our society unable to keep up with the staggering tuition costs. These costs introduced a culture of working class parents devoting their life savings for their children’s education.

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There was a time when college education was exclusively associated with the privileged few, however there has been a concerted effort to bridge this gap with the introduction of free student loans

Student loans free of any costs is a combined effort by the Government and charitable organizations to give every child a chance at quality education. There is a valid debate that loans can never be free as they need to be paid back. However, there are a number of avenues that student’s can look into which can help with their education without costing their parents an arm and a leg. Some of these options are grants, scholarships and interest free loans.

Affordable Options

The Federal and State Governments have joined hands to seriously address this issue. There are a number of Government sponsored grants where students are not required to pay back. These combined with Federal and State scholarships have helped talented students all across the United States get access to college education. There is also an option of interest free loans where students are only required to pay back what they have taken without any interest.

Precautionary Measures

The outstanding default student loan figure in the United States stands at more than $40 billion. It is important that students are vigilant and careful when selecting loans to fund their education. A thorough research into the lender and its terms and conditions is recommended. Students are advised to explore their federal loaning options first with Pell Grants, Federal Supplemental Educational Opportunity Grant and Academic Competitive Grant before looking at other options.

Things to Consider

If you want to apply for a loan, make sure you keep the following aspects in mind:

  • Fill out the FAFSA Form or any form carefully.
  • Ensure that you read the terms and conditions carefully.
  • Ensure that you know what you are getting yourself into.
  • Ensure that you know everything about the interest rate.
  • Ensure that you understand the other costs associated with the loan.
Frequently Asked Question(s)


Q:How do I find out if I can apply for the interest free student loans that are currently available?

A:In order to apply for an interest free loan, you should first start by submitting your FAFSA form. This will generate results of what is available to you in terms of grants, scholarship and financial aid. If there is a shortfall in the funding available, you should then consider taking out a loan. Our web-based search tool can help you find the best loan for you.


Q:What can you tell me about free student loans and grants?

A:Student Loans And Grants are offered by federal authorities, state, and private lenders. Students facing financial constraints can apply to the federal financial aid program as these are awarded to students facing financial problems mostly. Students who do not qualify for federal program can seek other loan and grants options such as state government and private lenders.


Q:What are the options for free student loans?

A:Free student loans are one that either do not have to be paid back or are interest free. Grants and scholarships usually fall under this category. These are offered by government and non-profit organizations who aim to help deserving students. The institute you may be getting into also may have their own package of free student loans that can be checked.


Q:What are free loans online?

A:There is actually no such thing as a Free Student loan. The only money you get for free for education are the scholarships and grants offered by various sources. But as the name itself suggests, a LOAN is a loan and has to be repaid at some point. A few lenders like the federal student aid program and a few private lenders offer interest free loans but even without the interest, the original amount has to be repaid at some point.


Q:What should I keep in mind before going for the student loans and grants?

A:You need to see some important factors before selecting any of the student loans and grants. You need to be very careful in selecting the right loan for funding your education. It is recommended that you thoroughly read the terms and conditions of the loans and also do plenty of research about the lender. Students usually are advised that they first find out about the federal loaning options before considering any other sources of lending.


Q:As I was reading about Free Loans to the meritorious students, I found out that applying for loans online is easy?

A:If you are applying for federal based student loans, the process is quite simple. All you have to do is fill out a FAFSA form. This application is available online and is free of cost. Federal loans are granted to individuals who cannot afford education. On the other hand, if you wish to apply for private student loans, the application process will depend upon the banking institution.

Q:What will I have to do to get college loans and grants?

A:College loans and grants are available for almost all students who want to pursue a college education in the US. These loans and grants may be in the form of government supported aid or private grants and loans. In order to apply for college loans and grants you should fill out the FAFSA form which is available online and in student aid offices.

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