More information is available, once you review the Federal Programs. You can receive a subsided and unsubsided loan for the same enrollment period. Some students combine both loans to borrow the maximum amount permitted each year. Remember, to apply for a Stafford loan, you must submit the Free Application Federal Student Aid to be eligible. If you are faced with unmet need, Private or Alternative Loans provided by lenders offer a variety of supplement loan programs.
Most lenders offer competitive interest rates.
There are several programs offered by the Federal government. Private Loans are education loans offered by private lenders to help eliminate or reduce the difference between what your school offers you and what you have to pay. These loans are offered to supplement federal and state programs. Some private loans can be obtained directly from your school. These loans are not based on financial need.