Differences between  Student private Loan  and  Student Federal loans

Differences between  Student private Loan  and  Student Federal loans

What's the difference between a federal and a private loan ?

What's the difference between a federal and a private loan ?

A federal loan is a loan offered to students or future students by the federal government.

A federal loan is a loan offered to students or future students by the federal government.

The US Department of Education funds federal loans.

The US Department of Education funds federal loans.

A Student private loan comes from a private company.Banks and private unions

A Student private loan comes from a private company.Banks and private unions

Who's eligible for a Student federal Loan  and  Student private loan ?

Who's eligible for a Student federal Loan  and  Student private loan ?

Students who need financial aid or have the same parents can apply for multiple federal student loans.

Students who need financial aid or have the same parents can apply for multiple federal student loans.

The economic need is crucial for acquiring a federal loan. However, federal loans are exclusively for education.

The economic need is crucial for acquiring a federal loan. However, federal loans are exclusively for education.

the private loaner will check the income, credit history, and credit score of the person who requires the money.

the private loaner will check the income, credit history, and credit score of the person who requires the money.

The federal student loan is better than the private loan.

The federal student loan is better than the private loan.

Federal loans have lower interest rates and flexible repayment options than private options.

Federal loans have lower interest rates and flexible repayment options than private options.