Besides the federal loans offered from FAFSA that averages around 6-7% interest rates, are there other loans that have lower interest rates? Thanks! Pls provide link.
If you find any, make sure you weigh the terms and protections against the interest rate. Federal loans can be repaid under income based terms, forgiven after set periods of time in public service or the private sector, forbeared or deferred in case of economic hardship, and discharged if you are totally disabled or die. Private loans may have none of these benefits. Be cautious and get good advice.