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  2. Private student loan (United States) - Wikipedia

    en.wikipedia.org/wiki/Private_student_loan...

    Private student loan programs generally issue loans based on the credit history of the applicant and any applicable cosigner, co-endorser or coborrower. [9] Students may find that their families have too much income or too many assets to qualify for federal aid, but lack sufficient assets and income to pay for school without assistance. [ 10 ]

  3. Federal Direct Student Loan Program - Wikipedia

    en.wikipedia.org/wiki/Federal_Direct_Student...

    The FFEL program was eliminated because of a perception that it benefited private student loan companies at the expense of taxpayers, but did not help reduce costs for students. The Federal Direct Loan Program has accumulated a very large outstanding loan portfolio of about $1.5 trillion and this number will continue to rise along with the ...

  4. Federal vs. private student loans: What’s the difference? - AOL

    www.aol.com/finance/federal-vs-private-student...

    Federal student loans. Private student loans. Interest rates. 5.50% to 8.05% for loans disbursed before July 1, 2024. 6.53% to 9.08% fixed for loans disbursed after July 1, 2024

  5. Federal Family Education Loan Program - Wikipedia

    en.wikipedia.org/wiki/Federal_Family_Education...

    Similar loans are now provided under the Federal Direct Student Loan Program, which are federal loans issued directly by the United States Department of Education. The FFEL was initiated by the Higher Education Act of 1965 and was funded through a public/private partnership administered at the state and local level.

  6. Are Sallie Mae student loans federal or private? - AOL

    www.aol.com/finance/sallie-mae-student-loans...

    Under the William D. Ford Federal Direct Loan Program, there are four types of federal student loans available to qualified borrowers. With federal student loans, you typically do not need a co ...

  7. What is a private student loan? - AOL

    www.aol.com/finance/private-student-loan...

    Through some government programs, you can adjust your student loan repayment to 25 or 30 years, while most private student loans have caps of 15 years for undergraduates. No government-sponsored ...

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