If you are looking for information on Subsidized, Unsubsidized, Federal Perkins Loans (http://studentloancrisis.infospaceonline.com/) and other information on types of federal student loans thats not shared when you take out these loans then this pdf is a must read

1. TYPES OF FEDERAL STUDENT LOANS
Subsidized, Unsubsidized and the rarely
received Federal Perkins student loan.
In the world of Federal Stafford Loans, also known as Direct Loans or FFEL they fall
under two categories. Those categories are Subsidized or Unsubsidized.
A Subsidized Loan simply is a loan where the United States Government pays the
interest for the student while they are in school, at minimum half time
attendance. Once the student graduates or falls below half time attendance, the
government no longer covers the interest payments and the student then
becomes responsible for repaying the interest and principal. The repaying of
interest and principal occurs once you as student graduate or drop out of the
learning institution.
An Unsubsidized loan is a loan where the interest accrues on the principal of the
loan(s) taken out while the student is attending college or any learning institution
outside of high school (tech schools, nursing, etc.). The key point to remember

2. with the unsubsidized loan is the government does not pay the interest. Many
federal Stafford loans taken out by borrowers are a combination of both subsidize
and unsubsidized. However in the last 2 years or so, more of the Stafford Loans
borrowed by consumers (students) are unsubsidized. This action only suggests
the U.S. government may be coming to terms with the enormous obligation this
presents. And the fact we have an older population, 10,000 a day receiving
benefits and taking on continuing education with student loans. This will present
an enormous crisis in the next couple of years.
Oh yeah, it is definitely important to note that all Stafford Loans being issued
now start at a 6.7 % interest rate, which is higher than most mortgages and
rival many car interest terms. Just something to consider when you are thinking
about continuing your education.
Finally there is the illusive and much sought after Federal Perkins Student Loan.
The desire for this loan is based on the false assumption that this form of loan is
the Gold Standard of student loans. Why, you ask? Well the Perkins Loan is
subsidized while you are attending college. It also has a 9 month grace period
when it comes time to pay back. Instead of the standard 6 months given for all
other Federal Student Loans. You will also have the chance of having the debt
obligation to pay back this loan forgiven, if you work in the public sector or other
qualifying occupations.
Why all of these perks for the lack of a better term sound appealing, it is nearly
impossible to obtain any more. The reason being, I am emphasize that you have
to exhibit an exceptional financial need! The word exceptional is not to be taken
likely, because you could be considered poor by poverty line standards, and still
not receive the loan.
This does little to mention that the college institutions themselves provide the
loans backstopped by the government. This is because they are constantly
increasing tuition costs, but also are relentless in their recovery attempts if you
fall behind in repayment after the 9 month grace window.
There is more to come on the types of Federal Student Loans, but this gives you
some insight that is rarely discussed when applying for these types of student
loans.