This type of debt is usually less
expensive than private student loans and easier to qualify for.
Not exact matches
In contrast,
private loans are generally more
expensive than federal
student loans.
Private student loans aren't just more
expensive than federal (typically).
Since some
private lenders offer lower rates, no origination fees, and cosigner release, a
private student loan might be less expensive (and less binding) than a Parent PLUS L
loan might be less
expensive (and less binding)
than a Parent PLUS
LoanLoan.
However, since federal education
loans are less
expensive than and offer better terms
than private student loans, you should exhaust your eligibility for federal
student loans before resorting to
private student loans.
In addition to lacking borrower protections,
private student loans usually carry a higher interest rate
than federal
student loans, which ultimately makes
private student loans more
expensive.
This can make a parent
loan far less
expensive than private loan options made directly to
students (
private loan options for
students are available, but because they can vary dramatically from lender to lender, they are not discussed in this article).
This is particularly helpful for more
expensive private student loans that may have a higher interest rate
than government
loans.
Finally, although
private student loans still exist, they are generally more
expensive and offer borrowers a much smaller range of repayment options
than do government direct
loans.
Although
private loans usually cost more
than federal
student loans, they aren't as
expensive as credit cards.
This is especially important if your child is dependent on
private student loans, which are much more
expensive than federal
student loans, and which will usually require a cosigner.
Private student loans are more
expensive than federal
loans.
In contrast,
private loans are generally more
expensive than federal
student loans.
When those rates are lower
than those available from federal
student loans,
private loans are a less
expensive option.
Additionally, federal
student loans have lower interest rates
than some
private student loans, making the cost of borrowing for your education less
expensive.
Although law school is
expensive and most law
students graduate with significant
student loan debt, reducing the costs that are within your control, choosing federal over
private loans, and understanding your repayment options will go a long way toward successfully managing your debt.Ideally, your total debt would be less
than