Because these loans are not need-based, the U.S. government does not pay the interest for the student while enrolled in school; they are often referred to as unsubsidized loans. Easy Customization All scripts are flexible and modular, which allows you to enable and disable effects as you like. Graduate students may have more luck with financial aid. These grants vary by state and awarded based on financial need. Education loans An education loan is borrowed by the student (or parent) in order to pay for educational expenses.