By Peter Johnson
 Government student loans are a great way to pay for higher education. Nowadays, it is imperative that you have a college education if you want to get a decent job with room for advancement. The bad news is that if you want an education, you are probably going to have to take out some student loans. You should get to know get to know the different types of loans before you jump in.
Stafford Loans
First, you have the Stafford Loan, which is divided into the Federal Family Education Loan (FFEL) Program and the William D. Ford Federal Direct Loan (Direct Loan) Program. Though most schools usually participate in one or the other of these programs, there are exceptions. Both programs require you to be enrolled for at least half-time. The difference between the two loans is that funds for the FFEL come from a bank or credit union while Direct Loan funds come directly from the government, hence the name. An added bonus with the FFEL program is that you can choose which institution you want to use, as long as it |
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