There are many options available to help pay for one’s college education. Financial aid is money loaned to students by the government to assist in paying for college. How to repay the loans depend upon the type of loan one receives. Loans accrue interest while the student is in college, but not all students have to repay that interest. Some loans, like grants, don’t even have to be repaid. The two main types of financial aid loans are Stafford Subsidized and Unsubsidized Loans.