The repayment options are less
flexible than federal student loans (no income - based repayment options available), but the loan term can be extended beyond the standard 10 - year term.
Not exact matches
And while
federal loans come with their own set of challenges and risks, all 1.37 million private
loan borrowers are often subject to fewer protections and less
flexible repayment plans
than those offered under
federal loan agreements.Less accommodating repayment options and more rigid terms can quickly lead to private
student loan defaults, which is a dangerous financial place to be.
Loans made by the federal government, called federal student loans, usually offer borrowers lower interest rates and have more flexible repayment options than loans from banks or other private sou
Loans made by the
federal government, called
federal student loans, usually offer borrowers lower interest rates and have more flexible repayment options than loans from banks or other private sou
loans, usually offer borrowers lower interest rates and have more
flexible repayment options
than loans from banks or other private sou
loans from banks or other private sources.
Private
student loans generally have higher interest rates and less
flexible repayment options
than federal loans.
And while
federal loans come with their own set of challenges and risks, all 1.37 million private
loan borrowers are often subject to fewer protections and less
flexible repayment plans
than those offered under
federal loan agreements.Less accommodating repayment options and more rigid terms can quickly lead to private
student loan defaults, which is a dangerous financial place to be.
Here's what Kiplinger's personal finance magazine says college
students don't need: New textbooks, a high - end computer, a printer, a pricey smartphone plan, cable TV (watch streaming videos on a computer), a car (especially for freshmen), overdraft protection on bank accounts, campus health insurance (assuming coverage under the family's health plan) and private
loans, which carry higher interest rates and less
flexible repayment plans
than federal loans.