Will you be seeking to take out a loan to help pay for your college education?
Not at the moment, I am just looking for information
What are the actual differences between federal student loans and private student loans?
Federal student loans are offered by the Government. The terms and conditions of these loans are governed by the law. Benefits of these loans may include fixed interest rates and income-driven repayment plans which are not typically offered with private student loans. Private loans are offered by financial institutions and have their conditions governed by the lender themselves
Is there any summary of the differences that you could give me?
There is a chart on the website that provides a summary of both loans and how they differ
Is there any Direct Loan that a parent can take out for their child?
Yes, these are known as Federal parent loans and are Direct PLUS Loans aimed at parents
Are there many differences between federal and private student loans?