Check out Pros and Cons of Private vs Government Student loans
Requires a Co-Signer
Private Student Loan : Generally Yes
Govt. Student Loan: Generally No
Access to Loan Forgiveness Program
Private Student Loan : No
Govt. Student Loan: Yes
Access to Income-Driven Repayment Plans
Private Student Loan: Generally No
Govt. Student Loan: Yes
Loan Limit
Private Student Loan: Typically up to your total cost of attendance
Govt. Student Loan:Varies by loan program
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