Federal vs. Private Loans
July 5th, 2016
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According to studentaid.ed.gov, there are generally two types of loans: 1)"federal student loans which are funded by the government" & 2)"private student loans that are made by a lender such as a bank, credit union, state agency, or a school". Watch the short video below and read the articles in order to learn more about your options when it comes to student loans. |
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Information on Federal & Private Loans
This page gives more details about the two such as interest rates and when you have to start repaying the loans.
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Differences Between Federal & Private Student Loans
This page gives details about the differences between the two. It can also answer questions such as are the interest rates on federal loans fixed.
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