Student loans

A student loan is designed to help students pay for university tuition, books, and living expenses. It may differ from other types of loans in that the interest rate may be substantially lower and the repayment schedule may be deferred while the student is still in education.

In the United States, there are two types of student loans: federal loans sponsored by the federal government and private student loans,

This app will help you keep your student loan debt under control. That means avoiding fees and extra interest costs, keeping your payments affordable, and protecting your credit rating.

The cost of college can vary widely depending on where you choose to enroll, and there are many ways to lower the costs even more. By planning ahead of time, you can save on the cost of higher education long before you're ready to enroll.
After you have explored finding free money (scholarships and grants), now is the time you may need to apply for student loans to help pay for college. This falls into step 2: explore federal student loans and step 3: fill any remaining gap with a responsible private student loan.
Federal student loans are provided by the government while private student loans are provided by banks and other financial institutions. Private student loans generally fall into two categories: one where the student is the primary borrower (often with a creditworthy cosigner), and one where a parent (or creditworthy individual such as a guardian or spouse) is the primary borrower. In both federal and private student loan cases, you'll have to pay back the money you borrow plus interest.