What sets cheap student loan apart from other loans is the interest rates offered, which are generally lower than other loans.
Besides the FFELP mentioned above, some of the federal student loans include: Only when you have obtained the maximum amount of federal student aid, either in the form of a loan or in the form of grants and scholarships, should you consider taking out a private student loan.
Federal loans have set interest rates which are often much lower than interest on private student loans.
Student loans are also not offered by this enterprise.
Fannie Mae Student Loans Fannie Mae does not offer any kind of student loans.
These loans are given to students who wish to acquire higher education at college and university level.