Types of Student Loans

Front

For the majority of students, this is the best loan option: federal loan or private loan?

Back

federal loan

Front

The interest rates of this loan are fixed, which will help predict your payments after graduation. Options: federal loan, private loan

Back

federal loan

Front

This loan is not recommended unless you have exhausted all other options.

Back

private loan

Front

Perkins, Direct and Direct PLUS are types of this kind of loan.

Back

federal loan

Front

_________ loans are reserved for parents of undergraduate or graduate students in whose case direct loans are not enough.

Back

Direct PLUS

Front

A subsidized loan is one where _____________________ pays for the interest while the student is still enrolled in school.

Back

the federal government

Front

An unsubsidized loan is one where ___________________ pays the interest while the student is still enrolled in school.

Back

the borrower (i.e. student, parent)

Front

What is one reason that a federal loan is better than a private loan?

Back

Federal loans have fixed interest rates.

Front

Which type of loan should a student pursue first?

Back

federal loan

Front

What is one thing a student should do before pursuing a private loan?

Back

look for additional scholarships