Repayment Options For Federal Student Loans
You have four federal student loan repayment options to choose from. Keep your post-graduate financial expectations in mind while doing your research.
Tip:
Since your student loan accrues interest when you carry a balance, it is less expensive if you pay off the loan earlier.
There Are Many Types of Student Loans
The two main types of student loans are federal and private. Within each type are subsets that might appeal to you based on your credit history, financial need, and other factors.
Federal loans were established to help students with limited funds, or a poor credit history, receive a good education. Private loans offer customized options to students with a strong credit history.
Federal Student Loans
Private Student Loans
Fees
Borrowing Limits
Interest Rates
Cancellation Policy
How to Apply for a Federal Student Loan
How to Apply for a Private Student Loan
Repayment Options for Federal Student Loans
Repayment Options for Private Student Loans
Forgiveness Options for Federal Student Loans
Tax Implications
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Now I wake up knowing that I am paying off my debt, it’s like a weight lifted off my chest and I can breathe a bit more.
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Michelle saved 23% on her debt
Now I’m able to go on vacation for the first time in a long time- I was able to go and relax. I couldn’t do that before.
