Private Student Loans: These loans are provided by non-public lenders such as banks, credit score unions, and on-line lenders. The terms and rates of interest differ based on the lender's insurance policies and the borrower's credit score rating. Unlike federal loans, personal loans could not provide the identical flexible reimbursement options or borrower protecti



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Federal Student Loans:

Direct Subsidized Loans: Available to undergraduates with demonstrated monetary want. The authorities pays the interest whilst you're at school no much less than half-time, through the grace interval, and through deferment intervals.
Direct Unsubsidized Loans: Offered to each undergraduate and graduate college students regardless of financial want. Interest accrues during all durations.
Direct PLUS Loans: These are credit-based loans offered to graduate college students and fogeys of dependent undergraduates.
Federal Perkins Loans: Low-interest loans provided by collaborating faculties and universities to college students with exceptional monetary want. Note that these are much less common right now as the program expired in 2