What is the advantage of federal loans over private loans?

When it comes to paying for college, career school, or graduate school, federal student loans offer several advantages over private student loans. Need a loan to help pay for college? Consider federal loans first! read more

Private student loans: These loans are nonfederal loans, made by a lender such as a bank, credit union, state agency, or a school. If you need to borrow money to pay for college or career school, start with federal student loans. read more

Federal student loans are different -- you can qualify for certain loans without any credit check or income. Repaying Federal Student Loans Another advantage of government loans is the flexibility you get at repayment. read more

Federal Loans have fixed interest rates and Private Loans can have variable interest rates. b. Federal Loans have interest rates that are generally lower than Private Loans. read more