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


First Time Homebuyer Programs in Montana
The Montana Board of Housing, otherwise referred to as BOH, was primarily established to to provide decent, safe, sanitary and affordable housing for lower income individuals and families in the State of Montana.


Cancer Research Network: a Research Resource within Health Care Delivery System
In cooperation with the National Cancer Institute, the National Institute of Health has recently announced a funding opportunity to support the Cancer Research Network(CRN) in its quest in reshaping the its organization to become a more broader resource for cancer researchers.


9 Things You Must Do To Maximize Your Chances Of Obtaining A Small Business Loan
To get approval for your small business loan application, you must be able to meet the lending criteria set down. Some organisations are more risk averse than others, and will therefore have more st...


Minor Use Minor Species Development of Drugs: Research Project Grant
The National Institutes of Health has partnered with the U.S. Food and Drug Administration (FDA) and the Center for Veterinary Medicine(CVM) in an effort to establish the Minor Use Minor Species Development of Drugs: Research Project Grant.


2012 Hazardous Fuels Woody Biomass Utilization Grant
The United States Forest Service has established the 2012 Hazardous Fuels Woody Biomass Utilization Grant wherein they intend to solicit proposals which are designed to implement wood energy projects requiring engineering services.


National Science Foundation: Broadening Participation Research Initiation Grants in Engineering (BRIGE)
The BRIGE program hopes to increase the participation of novice investigators who are just starting their professional career in all fields of engineering research.


Government Grants Within The United States Humanities Sector
The field of humanities employs methods that are primarily analytical, critical, or speculative, as differentiated from the mainly empirical approaches of the natural sciences.






Social Entrepreneurship
Spotlight



Rwanda as Social Entrepreneur Fund Beneficiary


The Republic of Rwanda has been picked as one of the six African countries as beneficiaries for a new fellowship fund program designed at supporting social entrepreneurs in tackling issues on food security.






More Federal Domestic Assistance Programs


Wage and Hour Standards | Rail Line Relocation and Improvement | Superfund State, Political Subdivision, and Indian Tribe Site_Specific Cooperative Agreements | Tribal Civil and Criminal Legal Assistance Grants, Training and Technical Assistance | Wildlife Without Borders- Latin America and the Caribbean |  Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy


Edited by: Michael Saunders

© 2004-2024 Copyright Michael Saunders