What type of student loans are there

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Direct subsidized loans. Direct unsubsidized loans. Perkins loans. PLUS loans. Types of private student loans. Bar exam loans.

Bootcamp loans. Credit union loans. International student loans. Income share agreements. Institutional loans. Medical school loans. State loans. Student loans for bad credit. Student loans without a co-signer. Types of student loan refinancing. Parent PLUS refinance loans. Medical school refinance loans: During residency.

Medical school refinance loans: After residency. On a similar note But no matter what type of student loan you choose, take care not to borrow more than you need. Most students end up using a mix of federal and private loans to pay for college, as well as scholarships and grants.

Do your best to avoid taking out more loans than you need. While it might feel good to have extra cash on hand today, larger loans can be a serious financial challenge after graduation. Credible makes this a breeze — you can compare multiple lenders to find the right loan for you, all without affecting your credit score. See Your Rates Checking rates will not affect your credit.

Advertiser Disclosure. Private student loans If you need more funding beyond federal student loans and scholarships, private student loans could help. Undergraduate student loans Limits for undergraduate private student loans vary by lender. International student loans If you live outside of the U. MBA student loans An MBA can be an investment in your long-term career success — but depending on your school, it can also be quite expensive.

Medical student loans Medical school can come with a six-figure price tag. Law school loans Law school is another expensive degree for many students.

Learn More: Student Loans for Bad Credit Private student loans can be used to fill in the gaps of federal loans Federal student loan applications have rigid application deadlines, but you can apply for private student loans at any point in the school year. Direct Subsidized Loans are based on financial need. Direct Unsubsidized Loans are not based on financial need.

Parent loans are another way to get money for college. A parent or other creditworthy individual takes out the loan to help their student pay for college.

Madison is using 4 steps to ease the burden of college expenses. Free money tip Want to pay less for college? Get it in as soon after October 1 as possible. The earlier, the better, since some grant money is awarded on a first-come, first-served basis. How to apply for a private student loan Since private student loans are offered by banks and financial institutions as opposed to the federal government , you apply directly to the lender. Check the interest rate of the loan, along with the flexibility of repayment options and other benefits.

Apply directly on the website. You may want to consider adding a cosigner which may improve your chances of getting the loan. Be aware, however, that some loans, particularly older loans, may not appear on the credit report. Please visit our blog for the most up to date information on what this will mean for student loan borrowers. Federal Loan Basics Can I get relief? Twitter Facebook LinkedIn. Federal Loan Basics. Get updates via email. Get Answers What type of loan do I have?

Who is eligible to take out federal student loans? How do I know if I should consolidate?