Operated by the U.S. Department of Education, www.StudentLoans.gov was cultivated to help American students find the best choices in regards to financial aid. To use www.studentloans.gov, it is recommended you complete the FAFSA, or Free Application for Federal Student Aid, to receive complete access to the site. www.Studentloans.gov offers both free scholarships to private loans, and is an exceptional resource to turn to when finding solutions to student debt. www.Studentloans.gov has all the information you need to look over your options.

The Good

Debt Counseling Courses

Before being able to move forward with federal student loans, www.studentloans.gov requires potential borrowers to complete multiple debt counseling courses, helping people understand their different loan options, and how the complete loan borrowing process works. Gaining the necessary information needed to understand how to get the best possible loans and graduate with as little debt as possible is helpful and can make an enormous difference for students as they prepare for a better financial future.

Variety of Resources

Unlike most other debt relief companies, Studentloans.gov has a lengthy, free application that takes some time to fill out. However, the benefits to their application process is extensive, and opens up opportunities to a diverse range of resources to help minimize debt, helping students pay off their student debt at the federal level. It is important to note that although the federal services are fantastic, many students will still need to apply for private loans to cover tuition and other expenses.

Free Federal Aid

Yup, you read that right. www.studentloans.gov offers free financial support from the government to cover education costs to those who qualify. Unlike other student loan options, the Department of Education has tools created specifically to help students pay for college. By acquiring grants and scholarships, many students do not need to take out many loans, leading to decreased debt upon graduation.


The Bad


Unlike many other private loan companies, FAFSA is not nearly as flexible. For example, many students using government aid will not be able to have an option of variable APR, and will be forced to have a fixed APR rate. In addition, it is challenging and uncommon to consolidate private and federal loans together, and if you would like to consolidate your loans to reduce expenses down the line, you may not be able to do so. With that being said, if all of your financial aid is through www.studentloans.gov, then you will not need to stress about consolidating your loans after graduation.

Lengthy Application & Requirements

While private loan companies rely on and benefit from people using their loan services, FAFSA is considered a gift for students who need financial aid in order to attend school. Because of this stark difference, FAFSA has many more requirements and application steps than private loan companies. An example of this is shown in the 30-minute counseling sessions required by anyone applying to FAFSA.

Complex Process

To put it simply, the FAFSA application process is complex. Unlike private loan companies, there is extensive paperwork and documentation to fill out when applying. Individuals who have expectations of a quick application process will be disappointed.

The Bottom Line

There is very little reason you should not apply for government assistance via www.studentloans.gov. This resource helps students receive the information necessary to accumulate as little debt as possible from their education, and many students will even receive free financial assistance from the government. When filling out the FAFSA, be ready for a long, complex, and often confusing, application process. Are there any inaccuracies in this review? We take our accuracy very seriously and would love your feedback.