Federal student loans are lending instruments that are backed by the U.S. government to help citizens pay for college and other types of higher education. This type of lending instrument delivers several benefits over other borrowing options, but should only be considered after other sources of funding are exhausted. Federal student loans are generally favored over private loans because the interest rates tend to be lower. Plus, this type of loan also tends to have deferred repayment options and the ability to put repayment into forbearance even after it has started. Still, it is best to only seek out loans after private pay, scholarship and grant possibilities have been exhausted.
What are the Consequences of Defaulting on a Federal Student Loan?
Defaulting on a federal student loan comes with negative consequences that should be avoided if at all possible. What are Federal Student Loans?... »
Federal vs. Private: Comparing Student Loan Interest Rate
When it comes to paying for higher education, many students look at a federal student loan interest rate. Student loans are a way that... »
Federal Student Loan Landscape During a Recession
Loans are difficult to attain during a recession, and federal student loans are not immune to the credit issues that impair the rest of... »
PLUS Loan: What to Watch Out For
The PLUS loan program helps parents cover the cost of sending a child to college or helps cover the cost of graduate school. Parent... »
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Federal Student Loans
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Student Loans
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