When it comes to paying for college, career school, or graduate school, federal student loans offer several advantages over private student loans. Need a loan to help pay for college? Consider federal loans first !
If you apply for financial aid, your school will likely include student loans as part of your financial aid package. It’s important to understand what types of loans you are offered. Generally, there are two types of student loans:
Federal student loans include many benefits (such as fixed interest rates and income-driven repayment plans) not typically offered with private loans. In contrast, private loans are generally more expensive than federal student loans.
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