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	College Loan Private student loans Start College: Ask your college first College Education Planing How to choose the right college   Student Loan Consolidation: Get rid of student loans Repayment Plans Student loan consolidation College tuition is going to cost you?   College Cost: Dealing with the cost of college as a family The College Student’s Guide To Saving Money College costs depend on where you go to school   College Financing: College financing Where to look for college funding A simple comparison of education plans Financial aid for college 529 savings plans Coverdell accounts Education bond programs and custodial accounts Get all of the federal loans and grants that you can Free Application for Federal Student Aid Getting state financial aid for college Paid tuition plans Private grant or a private scholarship Paying for college Higher Education Student Loans Federal Student Loans Parent Loans for Undergraduate Students Private student loans These are not given by the government. These loans can be offered from a number of sources primarily banks and other similar lending institutions. There are some places that even specialize in education loans for those who are having a tough time scraping together the money for college and university. The best part of these kinds of student loans is the fact that the lending limits are usually significantly higher. This means that you might actucally be able to fund your entire education with them, you will not need to have to deal with getting your family to chip in. These loans are also quite flexible when it comes to paying them back, some will not require you to make payment for 12 months while others will need you to start at 6 months after graduation. The main drawback to private student loans is the fact that they have a little higher interest rates than their federal counterparts. These rates are still lower than the rates for other types of private loans however. And these loans are going to be affected by the kind of credit history that the student and his or her family have. If they have good credit then they will get a much better interest rate on the student loan than the family with bad credit.  With near perfect credit it is even possible that a student will be able to get low interest 0-fee loan. Most people don't have spotless credit and they will have to pay an origination fee of anywhere from 3-9 percent of the principal balance. The origination fee is a one time charge will vary depending on the size of the loan and can often be subtracted form the loan amount for those who do not have the money to put up front. Not all students are eligible for private loans as they are for federal student loans. To get these loans you must have decent credit and/or a co-signer who does. These private loans are perfect for students whose families are not making enough money to pay for the full ride at school but who make too much to get any good federal student loans. Even international students can get these private student loans as long as they have a cosigner who is a permanent resident of the US.