This program provides low-interest loans to students. Loans are originated by participating institutions with capital provided by the federal government . Assists states in providing grants to students attending institutions of higher education, including certain programs of study abroad and grants to students for campus-based community service work study. Loans are insured by a guaranty agency and reinsured by the federal government. These are loans, and must be repaid.
Interest rates are variable.
These are loans, and must be repaid.