About Free Student Loans

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About Government Student Loans....5

There are no free student loans because, by definition, a loan is money that has to be paid back to the lender. Learn about interest-free loans, such as Subsidized Stafford Loans, with help from a financial aid officer in this free video on student loans.

Part of the Video Series: Student Loans
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Video Transcript

Hi my name is Brooke Kramer. I'm the Financial Aid Officer at Argosy University in Salt Lake City and today I'm going to answer for you, what are free student loans. And, pretty much there are no free student loans. By definition alone is money you have to pay back to the lender. In most instances, that's going to be the government, since the government helps with most federal student loans. There are types of loans that are interest free though. These are called Subsidized Stafford loans. Subsidized Stafford loans, the government pays the interest for the student while they are in school at least half time. Once the student graduates or drops below half times, they have a six month time while the loan is still in deferment. After that time than it is up to the student to start repaying the loan, as well as paying the interest on those subsidized loans. Other types of loans available to students would be the Parent Plus loan, as well as the unsubsidized Stafford loan, and the Grad Plus loans. If you have any other questions, please feel free to check out our website at www.argosy.edu.

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