| College students today are lucky. When scholarships | | | | available through Sallie Mae. |
| savings aren't enough students today can get various | | | | Sallie Mae Student Loan |
| types of student loans. | | | | Sallie Mae is a financial institution than handles Federal |
| As students proceed through college student loans | | | | student loans. Student loans given are from the |
| do not have to be paid until the student graduates | | | | government or Federal sources have more favorable |
| from college or quits. | | | | terms than private loans. |
| Using a private loan can be extremely expensive to | | | | Sallie Mae offers a combination of student loan |
| pay back at a high interest rate. To ease the burden | | | | options that can meet the type of financing needs of |
| on students upon graduation Federal student loans | | | | a student all in one place. |
| are available. | | | | For example, the Federal Stafford loans are the most |
| Private Student Loans vs. Federal Student Loans | | | | common. They have a fixed rate and low interest. |
| The best thing to do is get a Federal student loan. | | | | These student loans are very available to |
| Federal loans have lower interest rates and are | | | | undergraduate students. |
| readily available to students. Private loans are more | | | | To receive this loan the student must be attending |
| expensive to pay back and are not recommended if | | | | an accredited school at least half time. The Stafford |
| they can be avoided. | | | | loan is the most common student loan used today |
| The reason Federal student loans are so available is | | | | Generally speaking, student loans are easy for |
| because graduates of college will usually make a lot | | | | students to receive. Because of their fixed rates and |
| more money than other people. | | | | low interest, the Federal Stafford Loan is the |
| This gives the lenders confidence that their money | | | | recommended one first. |
| will be repaid. The top education student loans are | | | | |