Federal educational loan vs. Private lender?

What are some ups and downs ?

Easy to obtain, most lenient, easiest to work with?

Flexible consumer guidelines?

The most freedom?

Better Rates?

Federal educational loan vs. Private lender?

Go with the federal education loans. Private should only be a second thought if the first just won't do it.

First, the federal student loan is a tax deduction.

Secondly, the interest rate that you pay is capped.

Thirdly, you ahve additional options with the federal loan, such as deferement if you get into a financial crunch.

lastly, the federal government is trying to help you financially get through college.

Private lenders are in it to make money.

Federal educational loan vs. Private lender?

I have had both, and I'll tell you right away that federal educational loans are more lenient, lower interest, easier to work with, flexible and give the best rates. the reason is private lenders are there for profit off of interest and that is all, as opposed to actual educational reasons.

Federal educational loan vs. Private lender?

obv federal well no interest till you start making something depends again.. i live in Ontario here federal allows you certain period of time after you are done with education to pay off the loan.. obv you can't pay off in that period of time so they charge you interest where as private lenders charge you interest from the beginning.. which one i would choose? FEDERAL !!