Types Of Student Loans



Student loans can come from private lenders, colleges or the federal government. Federal loans are often guaranteed, which means no collateral is needed to obtain the loan. The Federal Stafford Loan is a commonly used government loan that provides low interest rates. Some Stafford Loans are based on income and others are not. Subsidized loans are based on income and the government pays interest until the student begins repayment. An unstudied loan Leaves all interest up to the student. There is also the Federal PLUS loan that parents can take out for students.



Besides the government loans there are bank loans. Loans through banks differ in payment options and interest rates. Most banks will require some form...
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