Most financial aid packages will include student loans; however, Federal Direct Loans (subsidized and unsubsidized) may not cover the total cost of college expenses. Private loans provide students with additional funding for these unmet college expenses.
Private loans are not federally guaranteed and require a good credit rating and/or creditworthy co-signer. Before considering a private loan, you are encouraged to complete the Free Application for Federal Student Aid (FAFSA) to exhaust all eligibility for federal funds.
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