Sentences with phrase «than federal student loans»

Borrowers of these loans often pay a much higher interest rate than federal student loans with the average standing around 9 percent, though some loans carry interest rates as high as 15 percent.

Interest rates for private student loans are either variable or fixed and may be higher than federal student loan programs.

Variable interest rate can be lower than federal student loan rates, but over time, they may increase as broad interest rates rise.

In contrast, private loans are generally more expensive than federal student loans.

Private student loans often come with higher interest rates and less flexibility than federal student loans, but that doesn't mean you are left stranded.

Interest rates for private student loans are either variable or fixed and may be higher than federal student loan programs.

Private student loan lenders may, however, offer more flexible and cost - effective repayment than federal student loans for well - qualified borrowers.

But these loans might carry more risk than federal student loans.

Private student loans are very different than federal student loans.

However, private student loans may be discharged more easily through bankruptcy than federal student loans.

Despite some improvements to borrower protections, private student loans still offer significantly fewer protections than federal student loans.

This also sounds like a private student loan rather than a federal student loan but from what you shared I'm just guessing at that.

Borrowers with good credit can sometimes receive a private student loan with a lower initial interest rate and lower fees than a federal student loan.

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.

Private student loans, usually issued by banks, are a better target for debt settlement than federal student loans.

In some cases, a private loan may have more restrictions than a federal student loan.

While private student loans may seem more appealing than federal student loans on the surface, there are underlying caveats of which borrowers should be aware.

Although typically more restrictive than federal student loan forbearance programs, they do still exist.

Often times, graduates will be looking to pay off private student loan debt faster than federal student loan debt.

In some cases, private student loans carry higher interest rates than federal student loans, which increases the total cost of borrowing for an education.

Private loans are typically more expensive than federal student loans.

You'll notice these interest rates are significantly higher than the federal student loan options.

Private student loans may have higher interest rates and fewer options for easy repayment than federal student loans.

Fixed interest rate loans may be lower than federal student loan interest rates for the most qualified borrowers, but they are often higher for borrowers with less than perfect credit.

But these loans might carry more risk than federal student loans.

Private student loans are different than federal student loans and they often have different requirements, higher interest rates, and repayment usually begins immediately.

Q: I thought private student loans were treated differently in bankruptcy than federal student loans.

These loans tend to have fewer protections than federal student loans, which is why many consider them to be an option of last resort.

Since these loans come with even greater responsibility than federal student loans (read: more stringent repayment requirements), it's important to know the weight of the debt you're considering taking on.

Roughly one - fifth of graduates» debt (19 percent) was in private loans, which are generally more costly and provide far fewer consumer protections and repayment options than federal student loans, TICAS reports.

You can also get private student loans, which are riskier than Federal student loans, but do provide more flexibility with loan amounts and other programs.

Private loans represent only 10 percent of student loan debt, but that number — more than $ 200 billion — is still significant and, in many cases, even harder to pay back than federal student loans.

Private student loan volume grew much more rapidly than federal student loan volume through mid-2008, in part because aggregate loan limits on the Stafford loan remained unchanged from 1992 to 2008.

If you use pr i v ate studen t lo ans rather than federal student loans without a credit check to help in funding your education, you may need a cosigner.

Many Americans turn to the private student loan market to find the financial means to further their education.Private student loans often come with higher interest rates and less flexibility than federal student loans, but that doesn't mean you are left stranded.

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.

For student loans without a co-signer, their interest rates are relatively low - though potentially higher than federal student loans.

Private student loans are known for usually having higher interest rates than federal student loans — sometimes reaching higher than 18 %.

However, in terms of the actual financial aspect, many private student loans can have interest rates as low as or even lower than federal student loans.

You can find private student loans with a lower interest rate than federal student loans — but it's likely one with a variable interest rate and for borrowers with excellent credit.

If the FAFSA isn't filed, your only loan options for the next academic year will be in the private sector — which typically come with much higher interest rates than federal student loans.

Because of this, private student loans generally come with higher interest rates than federal student loans.

In a low - interest rate environment, private lenders may be able to offer highly qualified borrowers a lower rate than federal student loans or previously refinanced debt.

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.

In some cases, private student loans carry higher interest rates than federal student loans, which increases the total cost of borrowing for an education.

Private loans often have higher interest rates attached to them than federal student loans or other government - subsidized loans.

Many Americans turn to the private student loan market to find the financial means to further their education.Private student loans often come with higher interest rates and less flexibility than federal student loans, but that doesn't mean you are left stranded.