Types of Student Loans
There are two main types of student loans: federal student loans and private student loans.
Federal Student Loans
Federal student loans are provided by the U.S. government, and they are typically offered at lower interest rates than private student loans. There are two main types of federal student loans: subsidized and unsubsidized.
Subsidized loans are available to students who demonstrate financial need. The government pays the interest on subsidized loans while the student is in school and during the six-month grace period after the student graduates.
