Types Of Federal Student Loans

Most people thinking about enrolling in higher education these days weren't even born when Federal Financial Aid Programs were instituted! In fact, their parents were probably not even around yet! But Federal Student Loans are a huge part of our nation’s history of higher education, and one of the big reasons the American economy was able to enjoy such a boom after World War II. The GI Bill (Serviceman’s Readjustment Act) was implemented in 1944 to provide opportunities for Veteran’s to pursue education and training – not just to increase the number of competent employees – but to later respond to the Soviet Union’s space program and the need for scientists and people with technical expertise. […]