Student College Loans
Paying for college is a daunting task for both new and returning students. There
are many types of student college loans, including federal college loans and private college loans. Each of these student loan types
has different benefits for students.
Federal Student Loans
Federal student loans have the best rates and are insured by the U.S. Government.
All students who are applying for federal student loans need to fill out the FAFSA
form and must have the form submitted by strict deadline dates. Based on the student’s
financial situation, the government may subsidize the interest while the student
is in college.
Private Student Loans
Private loans have higher rates but offer other benefits for students. Private student
loan applicants do not have to fill out the FAFSA, nor do they have specific deadline
requirements. Those applying for a Think Student Loan – a private student college
loan - can borrow up to $250,000 lifetime maximum aggregate and defer payments while