How do people apply for federal student loans

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Reference no: EM133454373

Questions:

1. Besides federal student loans and private student loans, what are other sources of funding that can help pay for higher education?

2. How do people apply for federal student loans, as well as federal grants, work-study programs, and some state and school aid?

3. Show the difference between federal and private student loans using all the following criteria: Cost (Higher vs. Lower) Credit Check? (Yes or No) Interest Rates (Fixed vs. Variable vs. Either) Demonstrate financial need? (Yes or No) Flexible repayment options? (Yes or No) Possibility of loan forgiveness? (Yes or No) Possibility of required repayment before graduation? (Yes or No) (Do not write complete sentences just pick the correct option).

4. What is the difference between a subsidized and an unsubsidized loan?

5. What are the differences between Stafford Loans and PLUS Loans?

6. What are the advantages and disadvantages of applying for and receiving a Direct Consolidation Loan?

7. In what ways do private education loans more closely resemble personal loans than student or parent loans?

Reference no: EM133454373

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