What You Need to Know About Student Loans

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  • student loan debt
  • Not All Loans Are the Same
  • Fill Out an FAFSA
  • Read the Fine Print
  • Don’t Take Out More Than You Need
  • Subsidized Loans
  • Unsubsidized Loans
  • Direct Plus Loans
  • The Interest Is Not a Game
  • What’s a Grace Period?
  • But What’s Deferment?
  • And Forbearance?
  • Either Way You Gotta Pay Up
  • Should I Consolidate?

Not All Loans Are Created Equal

There are different types of loans and many of us will use a combination of them. Federal and state loans are loans you borrow from the government. Private loans (that might be less flexible and have higher interest rates) are monies you borrow from companies and banks. School loans are borrowed from your college or university. 

(Photo: Sadeugra/GettyImages)

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