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<h2>What are Student Loans?</h2>
<p>
Student Loans can be regarded as the biggest helping hand in monetary terms for deserving students with financial constraints. They are financial aid offered to students who find it difficult to continue their higher education with all of the financial bottlenecks in the way. Due to this, thousands of students <strong>apply for student loans</strong> every semester. These loans pay for the tuition, study materials, and living expenses. There are federal loans that are provided by government lending agencies as well as private loan programs that are run by private financial institution. The methods of lending are as follows:</p>
<ul>
 <li>
 Direct to Consumer Loans</li>
 <li>
 School Channel Loans</li>
</ul>
<p>
 The Direct to Consumer Loans are handed directly to the borrower, and it is the borrower&rsquo;s responsibility to allocate the funds accordingly. On the other hand, the School Channel Loans are sent directly to the school; and the school applies the funds to tuition only. It must be noted that the latter are a much less preferred option.</p>

<h2>How to Apply for Student Loans?</h2>
<p>
As far as the application is concerned, all of the major lenders provide assistance to applicants on how to<strong> apply for student loans. </strong>These renowned lenders include:</p>
<ul>
 <li>
 Private groups such as Chase, Citi Group and Sallie Mae</li>
 <li>
 Government owned groups such as Perkins and Stafford Loans</li>
</ul>
<p>
 The best way to <strong>apply for student loans</strong> from a Federal institution is by filling in a Free Application for Federal Student Aid (FAFSA) which can be downloaded from the Department of Education&rsquo;s website or obtained from the university financial aid offices. This form can then be submitted in person or over the internet and financial aid is offered depending on the applicant&rsquo;s status.<br />
 In order to <strong>apply for student loans</strong> in the private sector, a prospective borrower needs to go directly to the private lender and fill up any forms and other paper work they require. There are no set standards or terms for private student loans as every lender has their own set of rules and regulations when it comes to lending.</p>