There are several types of educational loans that help students pay for college. We encourage you to carefully consider which loan options meet your needs, however, we do recommend you first consider federal student loan options as these generally have lower interest rates and better repayment terms as compared to private/alternative loans. Loans must be paid back with interest.
Federal Direct Subsidized/Unsubsidized, Federal Direct Parent PLUS, and Federal Direct Graduate PLUS loans are offered by the federal government. Private loans are issued by various private lenders. Each private lender has its own eligibility criteria, interest rates, and repayment terms.
