A student loan varies a lot from that of a scholarship and grant. It is something which a student has to pay back after completion of his/her education with interest according to the terms of interest. A student can choose from various kinds of available Student Loans such as Private Students Loans, Stafford Students and Federal Students Loans.
A Federal Stafford Students’ Loan is of two types. One is subsidized and the other which is unsubsidized. Subsidized student loan requires the individual student to repay the amount of the loan provided while he/she is still attending University or college classes.
This is another kind of loan which students refer to as the Federal Direct Loan. Students in the UK can easily borrow such loans from the respective college’s financial aid office, rather than having to borrow the loan from banks.
source : http://www.loansnmortgages.co.uk/student_loans.htm
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