All Student Loans Articles

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student loans

The Difference Between Direct Subsidized Loans and Unsubsidized

Applying for the FAFSA matters. When applying for federal aid through FAFSA, you will find that there are two loans for students available through their program: direct subsidized loans and unsubsidized. Your family’s current financial situation and your needs determine which loan lenders offer and which you prefer. Direct Subsidized Loans  Subsidized, also know as …
Here are the different types of student loan repayment options
student loans

Types of Student Loan Repayment Plans

Student loan repayment options come into play when it’s time to pay back the debt you’ve accumulated in college. There are quite a few different options, each one set to meet different needs and requirements. Three types that fit under the umbrella of federal repayment loans include direct consolidation, income-driven repayment, and basic. Direct Consolidation …
Private student loans can help you afford college, but here are some things you need to know
student loans

What You Need to Know About Private Student Loans

Private student loans, also known as private education loans or alternative education loans, are great resources, especially when federal aid does not fully cover the cost of school. Private loans are offered by many banks and each have their own requirements, interest rates, and protections. Interest Rates When considering private student loans, there are two …
A group of students sitting together in front of one laptop, with a few students standing behind them.
student loans

Types of Federal Student Loans

The federal loans program in the United States is officially known as the William D. Ford Federal Direct Loan Program. Under the Department of Education, there are three types of federal student loans available: direct subsidized, direct unsubsidized, and Direct PLUS loans. It’s important to carefully weigh the pros and cons before choosing which is …
A student standing in front of papers stuck to a wall.
student loans

What You Need to Know about Stafford Loans

The constitution of the United States asserts that it is the responsibility of the US government to “promote the general welfare” of its citizens. This line has been subject to scrutiny and analysis over the years. However, our elected officials generally agree that their most important job is to serve the American people. One of …
A PLUS loan is an option for you to pay for college
student loans

What You Need to Know about the PLUS Loan

There are many different financial aid options available to college-bound students. The easiest ones to understand are usually scholarships and grants: You put in the effort to apply for it, you receive the award, and you don’t have to pay it back. Loans, on the other hand, must be paid back over the course of …
Here are some student loan acronyms to help you understand student loan terminology
student loans

Student Loan Acronyms You Need to Know

Planning for college finances can be tricky enough, even without all the letter-scrambling acronyms thrown into the mix.  Between the jargon and complicated questions, we understand why financial aid can be so difficult. As a result, we’ve compiled a list of common student loan acronyms to help break things down a bit, and make the …
student loans

What I Wish I’d Known About My College Loans

It’s not difficult to get a student loan. Guidance counselors and admissions representatives practically serve them up on silver platters. All I had to do was sign on the dotted line, before some imaginary funds were shuffled around and my class schedule popped out of my printer. Now, when I get my bill every month, …
Here's our guide to student loan interest rates
student loans

The Ultimate Guide to Student Loan Interest Rates

If you’re a borrower with student loans, then there is one thing that many people would consider to be the most important aspect of your debt: the interest rates. Although it’s often not well understood by borrowers, the interest rate on your loan plays a huge role in multiple aspects of your student loans. Your …