LOANS
Student loans are borrowed funds that must be repaid. Loans offered through the federal government are known as Federal Loans, while Private Loans are offered through private lenders such as banks, credit unions, or other financial institutions.
FEDERAL LOANS
Federal loans typically offer lower interest rates and more flexible repayment options than private loans. Your eligibility for federal loans is determined through the FAFSA.
PRIVATE LOANS
Private loans should only be borrowed when all other resources, such as federal loans,
have been exhausted. These loans are subject to higher interest rates and are based
on credit history, so they may require a cosigner.
LEARN MORE ABOUT PRIVATE LOANS