Investing in your future is money well spent. The federal government offers several loan programs for students who are seeking financial assistance to attend college. Students interested in participating in any of the loan programs must file the Free Application for Federal Student Aid (FAFSA) form annually for each year they attend school, meet the financial need requirements, be in good academic standing and have achieved satisfactory academic progress. Unlike grants and scholarships, college loans will need to be repaid once you earn your degree.