College loans come in a variety of packages
Source: suntimes.com Posted By: Jon P...5409 days ago
Here's a rundown of the most common types:
STAFFORD: This is the primary federal loan for students...
SUBSIDIZED VS. UNSUBSIDIZED: Students who demonstrate financial need can get subsidized Stafford loans.
PERKINS: This is a federal loan available to undergraduate and graduate students with exceptional financial need.
PLUS: Parents can take out federal loans to supplement children's aid packages.
PRIVATE: Loans from banks, credit unions and other private lenders...