What is the difference between a private student loan and a federal student loan?
Federal student loans follow guidelines set forth by the U.S. Dept of Education and typically offer lower interest rates compared to private student loans. However, Federal loans, unlike private loans, have borrowing limits, which may not allow a student to borrow enough to cover the entire cost of education. Private loans help students fill the funding gap between the cost of attending school and the amount of...Read more:Student Loans Frequently Asked Questions
No comments:
Post a Comment