Most of the federal government's loans are provided for the purchase of housing and property and are broadly segregated under the Veteran's Administration (VA) program and Federal Housing Administration (FHA) programs.
As a student you can obtain a substantial financial support from the federal government for your college tuition, books and laboratory fees. The loan accrues no interest during the time that you are legitimately enrolled as a student but will commence drawing interest upon graduation or whenever you leave college. This is the information given by all school aid advisors and is pretty much on the level.
Government loans almost are for all sorts of purposes like education loan, loan for purchasing a house- home loan, loan for setting a business- SBA- Small Business Loan, purchasing a car, heavy machine etc.
Government loans are a cut above the rest in quite a few ways. Firstly every private agency offering loan does it with the purpose of making profits but in contrast to this government loans are meant only for the welfare of public. Since government is a body meant for the people, it does not seek any personal gains. Unlike the private banks and other such loan agencies, government also offers loans to those downtrodden people who can hardly pay it back.
