When it comes to paying for college, career school, or graduate school, federal student loans can offer several advantages over private student loans. 
Need a loan to help pay for college? Consider federal loans first! If you apply for financial aid , your school will likely include student loans as part of your financial aid package. It s important to understand what types of loans you are offered. Generally , there are two types of student loans federal and private. Federal student loans and federal parent loans : These loans are funded by the federal government. Private student loans: These loans are nonfederal loans, made by a lender such as a bank, credit union, state agency, or a school. 

If you need to borrow money to pay for college or career school, start with federal loans. 
Federal student loans are Direct Subsidized Loans and Direct Unsubsidized Loans and Direct PLUS Loans for graduate and professional students. Federal parent loans are Direct PLUS Loans for parents. Parents are fully responsible for paying these loans, even though they are taken out to benefit students. 

What are the differences between federal and private student loans? 
Federal student loans are made by the government, with terms and conditions that are set by law, and include many benefits such as fixed interest rates and income - driven repayment plans not typically offered with private loans. In contrast , private loans are made by private organizations such banks, credit unions, and state - based or state - affiliated organizations, and have terms and conditions that are set by the lender. Private student loans are generally more expensive than federal student loans. The chart below provides a summary of the differences. Private loans differ by lender and by type of loan. Be sure you understand the terms of your loan, and keep in touch with your lender about any questions you may have. 

How do I get a federal student loan? 
To get a federal loan , you must first complete the 

user: Hi there. I'm looking some information about what has more advantages if the private or federal aids for students loans. 

assistant: Sure, no problem. Are you looking for information because you need a loan to help you pay for college?

user: Yes, that's right. And I'm looking to see which one gives me better options.

assistant: Great! Well, we can tell you that you should consider the federal loans first.

user: Alright thanks for your recommendation. But how the loans will help me with my school?

assistant: Well... Is very likely that your school will likely include the student loans as part of your financial aid package. 

user: I see, that's would be very nice. But how do I get a federal loan?

assistant: To get a federal loan you must first complete the free application for federal student aid fafsa form.

user: So, it's much better if I go with a federal loan?

assistant: Yes, because are much easier to get. 

user: But, which are the differences of one and another?

assistant: The federal loans are made by the government with terms and conditions that are set by law, with many benefits. While the privates are made by private organizations such as banks credit unions and the conditions run by their own terms.