Student Loans — Federal & Private Options
Navigate the student loan landscape. Compare federal and private loans, understand repayment plans, and explore forgiveness programs.
Federal Student Loans
- Direct Subsidized Loans — For undergraduate students with financial need; government pays interest during school
- Direct Unsubsidized Loans — Available to all students regardless of need
- Direct PLUS Loans — For graduate students and parents of dependent undergraduates
- Direct Consolidation Loans — Combine multiple federal loans into one
Private Student Loans
Private loans from banks, credit unions, and online lenders can fill the gap when federal aid is insufficient. Rates and terms vary by lender and borrower creditworthiness. Always exhaust federal options first.
Repayment Plans
- Standard Repayment (10 years)
- Graduated Repayment
- Income-Driven Repayment (IDR, PAYE, REPAYE, IBR)
- Extended Repayment
- Public Service Loan Forgiveness (PSLF)
Key Considerations
- Complete the FAFSA annually to access federal aid
- Borrow only what you need
- Understand the total cost over the life of the loan
- Explore scholarships and grants before borrowing
- Know your repayment options before graduation