Student Loans AIU accepts a variety of student loan options to fund all or a portion of the cost of your education. There are two student financial aid loan programs students can consider: Federal Loan Programs - Through several outlets, students can obtain low-interest or structured federal student loans that are designed specifically for students coming from challenging economic conditions. Students can apply for these loans through the federal aid web portal and by completing a Free Application for Federal Student Aid (FAFSA) application. Private Loans - Many companies offer private student loans depending on the student's need. Compared to federal loans, private student loans tend to involve higher interest rates and long-term costs, but can also provide aid for students who do not qualify for federal aid. As a borrower, you should understand that interest rates can vary based on a number of factors, including the borrower’s and/or cosigner’s credit rating and credit history. Terms and conditions will vary by lender, so be sure to read all of the details on the loan before you borrow. If you have any questions about financial aid through federal or private loans, contact AIU today.