Loans

IF YOU ARE OFFERED A LOAN, 
YOU DON'T HAVE TO TAKE IT!

BUT if you do, you need to know the specifics to make wise choices.

1. SUBSIDIZED  - no payments due until after a student isn't enrolled full-time for a specified time.
2. UNSUBSIDIZED - interest begins to accrue the day the money is disbursed.







LOAN BROKERS

FEDERAL DIRECT LOANS
Subsidized direct loans

PERKINS AND STAFFORD LOANS
These federal, subsidized loans are offered to students demonstrating the greatest financial need. Awards are based on a student's need and a student's available funding.

PRIVATE LOANS
Private loans, like from a bank, credit union or an organization, typically have higher interest rates than federal loans, and are generally unsubsidized.


More about Student Loans

More about Federal Loans








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