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Having to foot the bill for your living expenses and school fees is one of the most challenging parts of college life. Even those who are already working while pursuing their graduate studies may also have trouble with money. As they say, higher education is never cheap. But even on a tight budget, you can still fulfill this dream of yours by exploring different options for financial aid. To help you finance your studies with capstone project writing service online, why not apply for student loans? Listed below are different types of student loans.

Types of federal loans

Federalloans come in three popular types: Stafford loans, Perkins loans, and Plus loans. Stafford loans are commonly obtained through financial institutions such as credit unions, banks, or even government agencies. Based on your financial need, you may apply for subsidized or unsubsidized Stafford loans. For low interest rates, another good option is the Perkins loan. The Plus loan, meanwhile, helps parents support the college education of their children. To qualify, the credit history of the parents should first be evaluated.

Other sources of student loans

Aside from banks and credit unions, private lenders can also be a source of student loans.Though you may easily qualify for these, the only downside is that loans offered by private lenders usually have higher rates.