1.The Subsidized Federal Stafford Loan is a loan in that the federal government disburses the interest accruing during in-school, authorized deferment, grace, and (in case applicable) post-deferment grace terms. 2.The Unsubsidized Federal Stafford Loan is a loan that is not based upon need. Thus, you are responsible for disbursing the interest money during grace, in-school, and deferment terms, in addition to your repayment periods. 3.The Federal PLUS Loan is a loan accessible to qualified parents of dependent undergrad students going to a participating postsecondary college and eligible professional and graduate students taken an eligible professional or graduate program at participating colleges. As PLUS loan borrowers, the parents or you should not have unfavorable credit or get a creditworthy endorser in order to be qualified for the college loan. Your parents and you are answerable for disbursing to the lender your interest accruing on the college loan from the moment the loan is paid completely. 4.The Federal Consolidation Loan is a loan obtainable to you in case you wish to join your outstanding academic loans into one loan with one monthly payment. In many cases, you are answerable for disbursing to your lender the interest accruing on the student loan until it is paid fully. Also, the FFELP provides PLUS loans to the parents and professional and graduate students having good credit histories. Thus, parents can borrow to disburse the education costs of their dependent undergrad children. Professional and graduate students can borrow up to the price of their college education minus the financial assistance obtained.