Alright folks, it’s more student loan talk today.  Don’t be intimidated, whether it’s a DVD, a sweater, lunch money, or a library book, we’ve all borrowed something, ergo* we have all had loans.  The main catch of a loan is that you have to return what you borrow, and unlike a library book, which you return all in one piece, with student loans you return what you borrow bit by bit.  But because student loan lenders allow you to return what you borrow at a slow pace, they charge you interest.

Instead of borrowing a private or personal loan directly from a bank, many students (myself included) choose to borrow from the federal government, which typically offers loans with lower interest rates.

There are four kinds of federal loans:  Read the rest of this entry »

Tags: college loans, federal stafford loan, unsubsidized stafford loan
Posted in Paying for College | 3 Comments »