Government loans are financial aids provided by the government to help individuals or businesses access funds for various purposes, such as education, home buying, or starting a business. These loans often come with lower interest rates and more flexible repayment terms compared to private loans, making them an attractive option for many borrowers. There are different types of government loans, including those offered by the Federal Housing Administration for home purchases and Federal Student Aid for education expenses. These loans aim to promote economic growth and support citizens in achieving their financial goals.