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Among federal loans, the commonest types include:

1. Direct Subsidized Loans: Available to undergraduate college students with financial want, these loans do not accrue interest while the borrower is in school.
2. Direct Unsubsidized Loans: These loans are available to each undergraduate and graduate college students and accrue curiosity from the time they're taken out. three. PLUS Loans: For dad and mom of dependent undergraduate students or graduate college students, these loans assist cover the remaining costs of educat