Federal Or Private Loans Without Co Signer- What To Choose?
When it comes to raise loans without a co signer, choosing Federal Loans is always better than the private student loan without cosigner. This is because the Federal Loans are provided by the Federal government, hence they are more reliable. Also the interest rates for these loans are much lower than the private ones. There are various programs that can help you get these loans. These are- FFELP (Federal Family Education Loan Program), Perkins Loans and Federal Parent Loan for Undergraduate Students or PLUS. The best thing about the federal loans is that they are subsidized by the government, which is not the case with the private loans. Hence they are always cheaper than the private loans in the long run.
