The devil is in the Details! Private loan providers offer variable & fixed interest rates, while federal loans offer fixed rates. Compare interest rates to get the best deal.
Repayment plans are the conditions under which you pay back the loan. Federal loans offer income-driven repayment plans, which tie your payments to your income.
Private loan providers offer a range of options, such as interest-only payments, fixed monthly payments, and deferred payments. Choose what works for You!
Watch Out for Hidden Costs! Loan fees are charges added to your loan amount. Check the loan terms to understand the charges & avoid unnecessary expenses.
Customer service matters. Look for a lender with a reputation of excellent service. Check online reviews and talk to people who have used the lender's services before!
A co-signer is someone who agrees to be responsible for your debt if you're unable to pay. While co-signers can help you get approvals, they also put your credit score at risk.
A safety net! Unforeseen situations can make it difficult to repay your loan. Look for a lender that offers repayment assistance programs.