What is the Difference between Getting a Federal Student Loan and a Private Student Loan?

by:
Attending college is a milestone, but can also be extremely expensive. With some options already in mind, you may want to look at the student loan alternatives that are available to a college undergraduate. Student loans can be very tricky, and are very confusing to most. In many situations, families are accepted for all different kind of loans and then are left in the dark when it is time to pay it back or fail to realize that they owe as much due to accrued interest.

With high interest rates and very unforgiving payment plans, it is best to know what options are available to you prior to being seduced by college lenders with promises of fast money.

You may already be somewhat familiar with the terms ‘Federal Student Loan’ and 'Private Student Loan'; these are the two most popular type student loans being used today. Do not let the terms deceive you, as they do not sound very different, they come with very different stipulations and payment approaches when it comes time to pay the money back. A student loan is anything that is aided to the student or their family from the government or school the student plans to attend. These loans the student will pay back with interest at a later date.   (continued...)

What is the Difference between Getting a Federal Student Loan and a Private Student Loan?
  Page 2

About The Author

The author edits a site featuring Grants for Education and another Government Grants site providing info on every grant the federal government offers.

Michael Saunders has an MBA from the Stanford Graduate School of Business.




Additional Government Grants Resources


Learning Disabilities Innovation Hubs Program
The National Institutes of Health has partnered with the Eunice Kennedy Shriver National Institute of Child Health and Human Development (NICHD) to establish the Learning Disabilities Innovation Hubs Program where both agencies intend to solicit resource-related research project grant applications that concentrate on the etiology, manifestation, prevention, and remediation of writing, reading, or mathematics learning disabilities.


2013 Mid-Atlantic Research Set-Aside Program
The Mid-Atlantic Fishery Management Council has recently established the 2013 Mid-Atlantic Research Set-Aside Program wherein it intends to solicit proposals that can successfully and efficiently address the Mid-Atlantic Research Set-Aside priorities relating to summer flounder, scup, black sea bass, longfin squid, Illex squid, Atlantic mackerel, butterfish, and bluefish.


Money Follows the Person Rebalancing Grant Demonstration Program
The Centers for Medicare & Medicaid Services has recently established the Money Follows the Person Rebalancing Grant Demonstration Program wherein they aim to assist the states to balance their long-term care systems and help Medicaid enrollees transition from institutions to communities.


First Time Homebuyer Programs in Georgia
In July 1996, the Governor and General Assembly made a vital decision to join together the Georgia Housing and Finance Authority (GHFA) with the Department of Community Affairs.


Urban Rehabilitation Homeownership Program for Homebuyers in Connecticut
The Connecticut Housing Finance Authority, otherwise known as CHFA, is an independent quasi-public housing agency operating within the State of Connecticut that was established in 1969 in an effort to lessen or alleviate the hurdles regarding the lack or insufficient supply of affordable housing opportunities for Connecticut’s low- and moderate-income families and individuals.


Invasive Aquatic Species Inventory and Infestation Prevention Program
The Bureau of Land Management has recently developed the Invasive Aquatic Species Inventory and Infestation Prevention Program wherein they aim to document and monitor the presence of Zebra and Quagga mussels in the bodies of water through Idaho.


Keystone Home Loan Program For First Time Homebuyers in Pennsylvania
The Pennsylvania Housing Finance Agency has been administering the Keystone Home Loan Programs For First Time Homebuyers within the State of Pennsylvania.







Social Entrepreneurship
Spotlight



Recycled Water Bottle Roof for Disaster Housing


Stemming from a Kickstarter campaign, a recycled water bottle roof would provide shelter for disaster victims in light of the recent devastation caused by Typhoon Haiyan in the Philippines.




Not for Profit Jobs in Nebraska

  Executive Director Jobs
  Substance Abuse Jobs
  Program Director Jobs
  Executive Director Jobs
  Social Services Jobs





More Federal Domestic Assistance Programs


Colorado River Basin Salinity Control Program | Assistive Technology | Alternative or Innovative Treatment Technology Research, Demonstration, Training, and Hazardous Subs | Research on Healthcare Costs, Quality and Outcomes | Payments to 1890 Land-Grant Colleges and Tuskegee University |  Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy


Edited by: Michael Saunders

© 2004-2022 Copyright Michael Saunders