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Private loan vs federal loan

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aarondds

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I am new to this kind of issue. Can someone give me some info about this. What is the advantage and disadvantage for each of them? In federal loan, does that have several kinds?
Thank you.
 

TMP-SMX

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I am new to this kind of issue. Can someone give me some info about this. What is the advantage and disadvantage for each of them? In federal loan, does that have several kinds?
Thank you.

http://www.finaid.org/loans/studentloan.phtml

Read up.

Federal
Stafford=Fixed. 6.8% for grad students subsidized forms and unsubsidized forms. No interest during school and interest during school respectively,
Grad Plus=8.5% fixed for graduate students when you meet your yearly or aggregate limit on staffords, and
Perkins=5% fixed subsidized loan for need based aid.

Private=Variable interest depending on credit
 
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