Day: September 27, 2024

Federal or Private Student Loans: A Complete Comparison

For students pursuing higher education, loans often play a critical role in financing tuition, housing, and other academic expenses. Federal and private student loans are the two primary funding options, but they differ significantly in terms of eligibility, interest rates, repayment options, and borrower protections. Understanding these distinctions is essential for selecting the loan type that best aligns with your financial needs and long-term goals.