Comparing Loan Options
Private Educational Loans and Direct PLUS Loans should be considered as a last resort, but may be necessary to finance a college education. To learn more about these options, please review the comparison chart and the suggestions below.
Private v. Direct PLUS Loan Comparison Chart
The calculators at www.finaid.org may also help you compare the cost of Private and Direct PLUS Loans. If you have good credit history, a private loan may cost less than a federal student loan- be sure to consider all of your options and compare carefully!
For helpful loan repayment calculators and other helpful resources, visit Financial Literacy Resources.