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  2. Private student loan (United States) - Wikipedia

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

    A private student loan is a financing option for higher education in the United States that can supplement, but should not replace, federal loans, such as Stafford loans, Perkins loans and PLUS loans. Private loans, which are heavily advertised, do not have the forbearance and deferral options available with federal loans (which are never ...

  3. Student loans in the United States - Wikipedia

    en.wikipedia.org/wiki/Student_loans_in_the...

    Guaranteed loans were eliminated in 2010 through the Student Aid and Fiscal Responsibility Act and replaced with direct loans. The Obama administration claimed that guaranteed loans benefited private companies at taxpayer expense but did not reduce student costs. [15] [16]

  4. Federal Direct Student Loan Program - Wikipedia

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

    The program replaced the earlier Federal Family Education Loan (FFEL) program which issued "guaranteed loans" — loans originated and funded by private lenders but guaranteed by the government. 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 ...

  5. 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

  6. Pros and cons of private student loans - AOL

    www.aol.com/finance/pros-cons-private-student...

    Federal student loans are usually best, but you may still need private loans.

  7. Types of private student loans - AOL

    www.aol.com/finance/types-private-student-loans...

    7. Refinanced student loans. Several private financial institutions offer refinance student loans, which are private student loans that are used to consolidate your existing student loans ...

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