 TITLE: What Is the Difference Between Private and Federal Student Loans? CONTENT: Which Student Loan Is Right for Me?\n-----------------------------------\nFederal student loans should be your first choice when you're looking to borrow money for college. They offer approval with no credit check; low, fixed interest rates that are the same for every borrower; and plentiful options for repayment. Plus, if you qualify for a direct subsidized loan, you won't have to pay interest on the loan as long as you're attending school at least half time.\nOn the downside, student and Parent PLUS loans often have high interest rates. Because federal student loans set limits on how much you can borrow, you could borrow the maximum amount and still find yourself in need of money.\nIf you have exceptional credit and can qualify for a loan with a low interest rate and no origination fee, a private student loan could be the best option for you. (It could also be your only option if you've reached your federal loan limit and still need additional money.)\nWhether a federal or private student loan is right for you depends on a variety of factors, including your income, how much money you need and your credit score. To find the best fit, take the time to carefully weigh your options—and be sure to read the fine print on any loan agreement before you commit to a student loan. END