Federal student loans are, for many students, the best option for covering postsecondary education and related expenses.
With fixed interest rates, clear grace periods and forbearance options, federal loans offer predictable repayment schedules.
Some borrowers may even qualify for loan forgiveness under Public Service Loan Forgiveness, income-driven repayment plans or the Teacher Loan Forgiveness program.
Though federal student loans have benefits compared to private loans, consider any borrowing carefully before committing to a debt.
If you don't have cash on hand to completely cover the cost of attendance for college — around $38,000 per year on average, according to the Education Data Initiative — you're not alone. More than 42 million borrowers have federal student loan debt.
#loan #debt
With fixed interest rates, clear grace periods and forbearance options, federal loans offer predictable repayment schedules.
Some borrowers may even qualify for loan forgiveness under Public Service Loan Forgiveness, income-driven repayment plans or the Teacher Loan Forgiveness program.
Though federal student loans have benefits compared to private loans, consider any borrowing carefully before committing to a debt.
If you don't have cash on hand to completely cover the cost of attendance for college — around $38,000 per year on average, according to the Education Data Initiative — you're not alone. More than 42 million borrowers have federal student loan debt.
#loan #debt
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