There are many types of student loans available to students of all ages, income levels and credit ratings. The first type of student loans available are awarded, guaranteed and regulated by the federal government. These loans include Stafford Loans, Perkins Loans and Plus Loans each of which have differing eligibility requirements, interest rates and award amounts available. Some financial institutions will offer private student loans, however they can be more difficult to qualify for and have higher interest rates than federal loans. In addition, some states may offer student loan programs.