Student Loans

Student loans are loans offered to students to assist in payment of the costs of education, both for higher education and even private K-12 schools. There are federal or government student loans – which usually carry a lower interest rate than other loans and are issued by the government – and private student loans – which have competitive rates and are issued by private banks, credit unions or other private lenders. Private student loans are also sometimes called “alternative” loans. Learn here about the different types of student loans, when to use them and how to choose them.