One of the primary functions of the government is to nurture the minds of its people through education. The problem is, not everyone can afford to go to school and study or at least send their children to school. Here is where the government enters the picture. As an institution of the state, it gives opportunities for everyone to go to school by giving funds like scholarships and through the Government Student Loan. The government takes education as one of its top priorities since this could affect their economy. If the people are uneducated, then they can't compete in the world market thus resulting to poverty. But if they are educated with or without the help of a Government Student Loan, then they would be the builders of their economy and pride itself with other countries worldwide.

In Canada, their education funding is up to $50 billion. This huge sum of money is disseminated to their different loan programs for students. It is said that it's better to avail of a Government Student Loan since there is no collateral needed. This means to say that students no longer need to surrender or pledge their properties as a guarantee that they will pay the loan. In banks, there's always a needed collateral and they are less considerate of the person's situation and circumstances.

There are more than just one kind of Government Student Loan. Federal Stafford loan is one example of a government loan. Federal Stafford Loan offers affordable rates at lower interest rate and is frequently used by students It is commonly used by students. Accordingly, there are two types of Federal Stafford loan, the subsidized and the unsubsidized. Aside from Government Student Loan, other sources of loan include the banks and the state loans, although the latter is not advisable since this is very costly. The key to education is not only determination and will, it's also knowing what type of loan to use.