There are strict annual and aggregate caps on how much you can take out.
Federal student loans are funded by the U.S. Treasury. They offer fixed interest rates and consumer protections not found in the private market. The U.S. Department of Education.
Granted via the FAFSA (Free Application for Federal Student Aid).
It is notoriously hard to wipe student debt in bankruptcy.
The government pays the interest on "Subsidized" loans while you are in school. ⚠️ The Downside
Unsubsidized loans grow from the day they are disbursed.
Your interest rate is locked for the life of the loan.
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