Archive: Posts Tagged ‘Types’

Consolidation of Federal and Private Types of Loans

No comments December 2nd, 2009

Before finally deciding on obtaining federal student loan consolidation program, it is a must that prospective student borrowers learn more about important points on college loans. First, he must understand that there are two types of student debts, which are the government type of loans and the private ones. Generally, private college debts are known to have much higher interest rates than the federal type of college loans. This is because private loans are basically unsecured type. This is the opposite of the government student loans, which have the backing and assurance from the Read more