From MoneyUnder30.com…..
If you’re a college student there’s a very good chance that you’ve applied for student loans, or at least thought about applying for them, what with college being 12 times the cost it was 30 years ago.
Nowadays, federal loans aren’t enough to pay for a college education that can cost close to a quarter of a million dollars. Millennials bear the burden of holding the largest share of student loan debt with collective educational debt passing the 1.6 trillion mark.
The rising cost of education has also led to a rise in the number of businesses that have student loan services. Now credit unions, credit card companies, and private loan companies offer private loans to undergraduate and graduate students alike.
But what’s the difference between all these loans? And which ones are right for you?
