While both federal student loans and private student loans allow you to borrow money to pay for education expenses, there are some distinct differences. Federal student loans can be better for students in several important ways: In some cases, the ...
Private student loans – also known as alternative loans – are offered by private lenders to provide funds to pay for educational expenses. They are not part of the federal student loan program and generally do not feature the flexible ...
Like federal consolidation loans, private consolidation loans combine your existing private student loans into one larger loan. You are replacing your original private student loans with this new loan. You will have a single monthly payment for your new private ...
If you must take out student loans, federal student loans are the best option for the vast majority of borrowers. It is best to max out your federal student loan options before you borrow any private student loans. Federal student ...
Consolidating private loans into a private consolidation loan may be a good idea if you get a better deal. Like federal consolidation loans, private consolidation loans combine your existing private student loans into one larger loan – you are replacing ...