What is the best student loan?
I got an email from a dad who was hoping to get the answer to that question. His son needs to borrow for the last year of college.
That was an easy question to answer. The best education loan available is the federal Stafford Loan. There are two types of Stafford loans: subsidized and unsubsidized. You can find out more about Stafford loans and why you should use federal student loans in this previous college blog post of mine:
Because we are about to embark on the college loan season for families, I’m providing links to previous posts that I’ve written about college loans. Unfortunately, many parents make poor choices when borrowing for college. For instance, lots of families turn to private student loans before they have exhausted their federal loan options.
Read the following education loan posts and you’re more likely to cut your college costs: