Because of the low fixed rates and repayment assistance programs that are available, it's
generally best for students to exhaust their
federal Direct Unsubsidized and
Subsidized Loans before considering private student l
Loans before considering private student
loansloans.
Because your student
loans will continue to accrue interest during deferment (again, unless you have
subsidized federal student
loans) or forbearance, this is
generally not recommended.
Today, not only are there several types of
federal student
loans that are not credit - based, but federally funded,
subsidized student
loans generally offer one of the most flexible types of
loans available.
A temporary postponement of payment on a
loan that is allowed under certain conditions and during which interest
generally does not accrue on Direct
Subsidized Loans, the subsidized portion of Direct Consolidation Loans, Subsidized Federal Stafford Loans, the subsidized portion of FFEL Consolidation Loans, and Federal Perk
Subsidized Loans, the
subsidized portion of Direct Consolidation Loans, Subsidized Federal Stafford Loans, the subsidized portion of FFEL Consolidation Loans, and Federal Perk
subsidized portion of Direct Consolidation
Loans,
Subsidized Federal Stafford Loans, the subsidized portion of FFEL Consolidation Loans, and Federal Perk
Subsidized Federal Stafford
Loans, the
subsidized portion of FFEL Consolidation Loans, and Federal Perk
subsidized portion of FFEL Consolidation
Loans, and
Federal Perkins
Loans.