The first step in applying for student loans is considering your federal loan options and private loan options.
Federal Student Loans
Whether you’re an undergraduate student, a graduate or professional student, or a parent, you may be eligible to borrow student loans from the federal government. If you are considering a federal student loan, visit the official Federal Student Aid website to review their student loan resources and guidelines.
Private Student Loans
There are many private loan options for borrowers to explore. You can narrow down your options by first deciding if you're more comfortable with a fixed rate or a variable rate, considering the pros and cons of each. You’ll also want to have an idea of your credit score to know if you qualify for the lender you’re interested in. Resources like NerdWallet allow you to view a variety of private student loan lenders side-by-side and compare their benefits before you apply.
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