Borrow from the government to pay for your education
You may be considering applying for a private student loan through a bank, credit union, or other lender.
Always consider federal student loans before private loans:
- Federal loans are usually much more affordable.
- Federal loans allow you to put off repaying them until after you graduate.
Before you apply for a private loan, complete your FAFSA to see if you qualify for a federal loan. Federal student loans generally have better terms and lower interest rates.