Federal vs. Private Student Loans
Consumer guide to federal vs. private student loans.
Editorial note: This guide is educational. Pricing, programs, eligibility and rules can change. Verify important details with current official sources and qualified professionals.
Overview
Federal and private student loans differ in eligibility, interest structure, repayment flexibility, protections and relief options.
What to Consider
Identify each loan type, compare rates and benefits, review cosigner terms and understand what could be lost through refinancing.
Questions to Ask
- Which borrower protections apply?
- Can the loan qualify for federal programs?
- What are the rate and cosigner conditions?