While federal student loans originate from the government, private student loans come from lending companies, banks, or credit unions that are not associated with public student loans. You may choose from several options for private lenders, including both long-standing companies and financial instituti...
How do private student loans work? Private student loanscome from lenders not affiliated with the government, such as a bank, a credit union, a school, or a state organization. The amount you can take out and the options for repayment are up to the lender. Federal loans are typically a ...
Federal student loansare issued by the government.Most people with a high school diploma or GED are eligible to apply for federal student loans, though there are some other requirements to meet. We’ll get into the details of the available federal student loansin the next section. Advertisement...
Those looking to refinance their student loans through a private lending institution will have a little more work to do, but this can also be a great way to pay lower interest over time through a lower refinanced rate.
Before applying for private student loans, you should consider the risks. Unlike federal Direct Subsidized Loans, these loans don’t offer the same protections as federal loans; the government won’t pay for your interest while you’re still in school. Once you graduate, you won’t have acces...
Michael Kinsley
How to bankrupt your student loans, discharge, forgive, cancel. Comprehensive Book for sale; resource materials and educational videos.
The best way to consolidate student loans is with a Direct Consolidation Loan. But you can also combine private loans by refinancing.
How to bankrupt your student loans, discharge, forgive, cancel. Comprehensive Book for sale; resource materials and educational videos.
If you consolidate federal loans into a private loan, you will lose some of the benefits that federal loans offer. How Does Student Loan Consolidation Work? There are two basic ways toconsolidate your student loans. You can do so either through a private lender or the federal government. Only...