Understanding the Different Types of Student Loan Programs
Provides an overview of the different types of student loans available to help pay for college, as well as taking an in-depth look at each individual program.
Pells Grants are one of the most desired types of financial aid awards. Not only can they pay for a substantial portion of college costs, they never have to be repaid. Due to their highly desirable nature, these awards have complex rules surrounding who can qualify based on the a family's "Expected Financial Contribution".
Stafford Loans are one of the most important tools used to help pay for a college education. This article takes a look at maximum loan amounts, interest rates, subsidized versus unsubsidized loans, repayment terms, and the application process.
Perkins Loans are the most desirable of student loan programs, available for both undergraduate and graduate studies. This article gives an overview of the maximum loan amounts, interest rates, repayment terms, and the application process.
PLUS Loans are an important tool used to help absorb any remaining college costs after other types of financial aid. This article takes a look at maximum loan amounts, interest rates, undergraduate versus graduate, Direct Loan versus FFEL, repayment terms, and the application process.
