Federal student loans are the most common type of student loan. There are four main types of federal student loans: subsidized, unsubsidized, parent loans, and consolidation loans. There are also private student loans, which generally have higher interest rates and stricter requirements. What Is t...
Direct consolidation loanscombine—or consolidate—multiple federal student loans into one new loan.Private student loansaren’t eligible for federal consolidation.1 Direct consolidation loans are one way to gain access tofederal forgiveness options. In fact, if you have any student loans indefault—wh...
Private student loansare issued by private financial institutions and are not subsidized or guaranteed by the federal government. The terms and conditions of private loans can vary widely based on the lender, and interest rates are typically higher than federal loans. Private loans also have fewer ...
which are made available to eligible students based on the informationthey supply on the Free Application for Federal Student Aid (FAFSA®). These loans are designed specifically for students and can come with numerous advantages over private student loans, including potentially easier accessibility, ...
When it comes to student loans, less is often more. It’s always tempting to get the maximum amount offered, but this can lead to a mountain of debt later. Take a moment to assess your actual needs. Calculate your tuition, books, and living expenses carefully. Writing down a detailed bu...
If you have private student loans, you won't qualify for federal relief. But you can still reduce your monthly payments by refinancing to a lower rate.You can visit Credible to speak with a personal loan expertand get your questions answered. ...
Are FFELP loans eligible for PSLF? FFELP loans aren't eligible for: Public Service Loan Forgiveness, or PSLF. Pay As You Earn. Saving on a Valuable Education. Income-Contingent Repayment. To access these programs, you’ll have toconsolidate FFELP loansinto a federal Direct Loan. ...
Subsidized student loans can help you pay for college and keep your debt manageable -- here's what you need to know.