Since there are different kinds of federal student loans in the United States, there are several loans that are mostly used by students and parents. These are the Federal Stafford loans, Federal Perkins loans and finally the Federal Parent PLUS loans.

Federal Stafford loans: This kind of federal student loan is the most used by the [...]

Before, most college loans are offered by the federal government.  Now, aside from the federal government, schools have already established linkages with private corporations to offer college loans.  The bureaucracy associated with working with the government translated into a stronger preference of schools for private corporations in terms of providing college loans for their students.
In [...]