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  2. Federal vs. private student loans: What’s the difference? - AOL

    www.aol.com/finance/federal-vs-private-student...

    Federal student loans. Private student loans. Interest rates. 5.50% to 8.05% for loans disbursed before July 1, 2024. 6.53% to 9.08% fixed for loans disbursed after July 1, 2024

  3. Pros and cons of private student loans - AOL

    www.aol.com/finance/pros-cons-private-student...

    Private student loans may offer higher borrowing limits and potentially lower interest rates compared to federal loans. Private student loans may also be tax deductible, but they can carry the ...

  4. Student Loan Interest Rates for 2024 - AOL

    www.aol.com/student-loan-interest-rates-june...

    These interest rates are for direct loans first disbursed on or after July 1, 2024, and before July 1, 2025. ... In other words, when federal student loan interest rates go up, private rates are ...

  5. Student loans in the United States - Wikipedia

    en.wikipedia.org/wiki/Student_loans_in_the...

    In the United States, student loans are a form of financial aid intended to help students access higher education. In 2018, 70 percent of higher education graduates had used loans to cover some or all of their expenses. [ 1] With notable exceptions, student loans must be repaid, in contrast to other forms of financial aid such as scholarships ...

  6. Private student loan (United States) - Wikipedia

    en.wikipedia.org/wiki/Private_student_loan...

    The student supplies enrollment verification to the lender, and the loan proceeds are disbursed directly to the student. While direct-to-consumer loans generally carry higher interest rates than school-channel loans, they allow families access to funds more quickly — in some cases, in a matter of days.

  7. Federal Direct Student Loan Program - Wikipedia

    en.wikipedia.org/wiki/Federal_Direct_Student...

    The William D. Ford Federal Direct Loan Program (also called FDLP, FDSLP, and Direct Loan Program) provides "low-interest loans for students and parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education ... rather than a bank or other financial institution." [ 1]

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