<p>I don't get the whole loan thing. How are the loans that we get with our finaid package (Perkins, stafford, etc) different from the loan we'd get from a bank?</p>
<p>The loans in your finacial aid package are subsidised. The federal government pays the interest while you are still in school. You don't need a co-signer because the federal government garantees the loan. JHU is a direct lending institution so no bank is involved.</p>