Loafers have earned a worthy place in our everyday closets because they’re equal parts stylish and practical. For those new to the footwear staple, they’re a type of slip-on that doesn’t have any laces, typically comes in leather or suede, and boasts a low heel. But keep in mind, the latter is the traditional version, and these days, there are so many different types of loafers to choose from. Two popular, modern styles? Super chunky loafers (as seen on Kendall Jenner, Hailey Bieber, et al.) and daring, high-heeled designs.

Not only are loafers available at every price point, but they’re also really versatile. They pair well with just about every piece of clothing, from denim jeans to mini and maxi dresses — especially the aforementioned traditional penny loafer styles that cropped up in the late ’30s. This style is easily recognized for the little cutout on the top of the shoe that people took to storing pennies in (and thus, the name “penny loafer” came to be). Today, many loafers still feature this detail as a classic design element.

So whether you want a modern pair of loafers or a traditional pair, we’ve rounded up 15 of our favorites to shop for fall and wear for every season to come.