What are different types of student loans?

January 2nd, 2010 by admin

Student loans could be either federal loans or private loans. Usually the interest rates on these student loans are lower than the market rates, as a subsidy to the student. Generally students could take Student loans either for the tuition fees or in some cases for incurring the education costs too. Federal loans could also be for taking higher education. Certain student loans also allow parents to reap tax benefits wherein tax need not be paid for the part of the income that is repaid as interest for the loan. The repayment of these loans is actually dependent on the disposable income of the student after graduation.

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