Learn about the federal and private student loan options available to you. Borrow Smart—Make an investment in your future.
Loans help students and families cover college costs beyond scholarships and grants, but they come with important responsibilities. Understanding your options—federal or private loans—can help you make informed borrowing decisions.
It’s understandable that many students and families want to avoid borrowing loans—but for many, it’s a necessary step in covering educational costs. When used wisely, loans can be an investment in your future, helping you earn your degree and launch your career.
📖 Explore the details below to compare loan types, eligibility, and repayment options before choosing the best fit for your financial needs.
Guaranteed federal loans available to students who have completed a Free Application for Federal Student Aid (FAFSA). Federal Direct Loans offer low, fixed interest rates to students. The student is the borrower and responsible for repayment.
A loan through an outside private lender. The student is the borrower but will likely need a credit-worthy co-signer. Variable and fixed interest rates are available based on credit. Both student and co-signer are responsible for repayment.
A loan through the Department of Education that is available to parents of dependent, undergraduate students who have completed a FAFSA. The parent is the borrower and responsible for repayment.
The Parent PLUS Loan is a credit-based loan which means your credit is a factor in determining eligibility and not everyone will be approved. Learn more about your options and next steps if you were denied.
A loan through the Department of Education that is available to independent students in a Graduate (Master's Degree) program and who have completed a FAFSA. The student is the borrower and responsible for repayment.
Are you confused about how to keep track of your federal loans? As a borrower, you may have several different repayment options available to you that can help to make your payments more affordable or extend your payments.