Loans are an important tool to help finance your education.Loans are divided into two major types: federal and private. Federal loan programs are offered by the government and usually offer the best interest rates.
Types of Loans
- Federal Stafford Loans - Offer low interest rates and forgiving payment schedules.
- Federal Parent Loans (PLUS) - Parents can leverage additional money to help pay for their children's education through the Parent Loans for Undergraduate Students (PLUS) program, which also offers low interest rates.
- Federal Graduate PLUS Loans -A federal loan for graduate and professional students which must be repaid with interest.
Private Alternative Loans
- Direct loan from banks or other financial institutions with varying interest rates. Borrowers are subject to a credit check and individual lender terms. You should only consider a private loan after applying for federal financial aid.
You can select any lender you wish. To assist you in this important decision we have analyzed lenders to create a preferred lender list.