Author: The Student Loan Today Group
There are several different options available for students in terms of student loans; however, following are the 10 Best Student Loan Options:
1. Subsidized Stafford Loan
2. Unsubsidized Stafford Loan
3. Federal Perkins Loan
4. Federal PLUS loan for parents
5. Direct
6. Federal consolidation loan
7. Federal Nursing Loan
8. Federal Insured Student Loan
9. Health Professions Student Loans
10. Private student loans
Let's take a closer look at more information regarding the 10 best student loan options that anyone considering college student loans should consider:
1) The Subsidized Stafford Loan is available for both graduate and undergraduate study. While the student is in school, the interest on the loan is paid by the federal government. This loan is need based, so not all applicants may qualify.
2) The Unsubsidized Stafford Loan is also available for graduate and undergraduate study. Unlike the Subsidized Stafford Loan, with this loan the student is responsible for the interest that is accrued on the loan while they are in school. This is not a needs based loan, so students may be eligible for the loan even if they do not show a financial need for the loan.
3) The Federal Perkins loan is a type of student loan that is available to both graduate and undergraduate students. Applicants must demonstrate financial need in order to qualify for this loan. Funds are disbursed by the school and must be repaid to the school.
4) The PLUS loan program gives parents of students the option to borrow up to 100% of their child's cost of education. Parents are eligible for this loan even if they do not demonstrate a financial ( Next Page )
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