Monday, July 16, 2007
Federal or private loan
It isn't very easy to decide between federal student loans and private student loans. Even with all the grants and scholarships, money may still be required for your education. Loans are the option but decide whether it is federal student loans or private student loans that's better.
For a loan to pay for education, always consider federal student loans first. Federal student loans are the largest source for education loans with long terms and low interest rates to suit students. They offer many benefits in comparison to other options that include:
- Lower interest rates
- Option of postponing payments
- Longer repayment terms
- Easier credit requirements
# posted by karthika : 2:44 AM
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