Types of Student Loans:

• Federal Student Loans

• Direct Subsidized loans

• Students with financial need

• Government pays interest while you are in school

• Best option if you qualify

• Direct unsubsidized loans

• No financial need required

• Interest starts occurring immediately

• Direct PLUS loans

• For graduate students or parents

• Requires credit check

• Higher interest rates

• Private Student Loans

• Based on credit score

• Usually need co-signer

• Fewer repayment options

• Often higher risk than federal loans

Interest Rates

Repayment

For most federal loans

• 6 month grace period after graduation

• Standard Repayment: 10 years