Education is not cheap in any country in the world, and the United States is no exception. In addition, if you ask yourself what is the cost of a university in the United States – leaving aside the Ivy League – you would receive an answer similar to this: $55,000 a year plus basic expenses, that is, housing rent, transportation, and food – in addition to books – which translates into a figure that could reach $15,000 per year. For that reason, many undergraduate and graduate students choose to apply for federal student loans. Now, let us look at some ways of how to get a lower interest rate on student loans and the options students have available to them.