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Student Loan types
Colby Almond, Knowledge Level: All Levels, Keywords: student loans student loan types
When applying for a student loan, there are many things to keep in mind. First of all, there are many different types of loan options out there. From your Stafford to your Perkins loans, there are many options that could make any student feel ignorant when going through the application process. Here are a few of the options:
Student Loan Options:
- Federal Stafford Loan: Take advantage of federal options first. These have fixed interest rates set by the government at 5.60% for subsidized, 6.80% for unsubsidized loans.
- Parents Perkins Loan: For financing your child's higher education, consider a Federal Parent PLUS loan with an 8.50% fixed interest rate.
- Private Loans: Loan makes up the difference when federal funding falls short.
- No payments while in school
- 0.25% interest rate reduction when you enroll in our auto-debit payment program
- Customer service you can count on " for over 50 years we have helped students and parents find loan solutions for college
Colby Almond was a 2008 graduate from the University of North Carolina at Chapel Hill with degrees in Public Policy and Economics. He is currently the Director of Social Media for Virante INC. Article on student loans student loan types by Colby Almond
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