How to Pick a Student Loan for College

There are a lot of student loan options that may be accessible to students...

...and it’s worth considering all viable options before making a decision.

How to Pick a Student Loan for College

In order to qualify for federal student loans, students must complete the Free Application for Federal Student Aid (FAFSA®) form. The process is relatively easy and straightforward.

Fill Out and Complete the FAFSA

Consider the interest rate types (fixed vs variable), the interest rate amounts, repayment options, loan terms, hardship options, and any perks

Choosing a Private Student Loan

Checking with a private lender about their expected repayment plan is key, as is checking to make sure there are no prepayment penalties for paying back loans early

Mapping Out a Repayment Plan

When it comes time to choose how much money to borrow through student loans, the amount will depend on what types of loans the student chooses.

Determining the Amount to Borrow

Swipe up to learn more.