IntroductionWhen you complete the FAFSA, your school may offer you any one of three types of federal loans: subsidized loans, unsubsidized loans, and Direct PLUS Loans.
If your college costs aren't covered completely by the aid offered through the FAFSA, you may have to take out private loans as well.
You will have to pay those back, and these should be your last option as private loans often come with worse terms and protections than federal loans.
Student Loans: These DO have to be repaid with interestYou can get various types of aid from the FAFSA, and you'll know what you qualify for once your school gives you your complete financial aid package.
Ryan Wangman, CEPF Loans Reporter Ryan Wangman was a reporter at Personal Finance Insider reporting on personal loans, student loans, student loan refinancing, debt consolidation, auto loans, RV loans, and boat loans.
Persons:
Ryan Wangman, Read
Organizations:
Loans, Chevron, Finance, Northwestern University, Boston Globe
Locations:
Iraq, Afghanistan