Rancho Cucamonga, CA (PRWEB) April 11, 2013
Loans.org has compiled the various types of federal and private student loans into a clear and concise infographic. When it comes to choosing the right student loan, X marks the spot on “The Student Loan Map.”
Several factors come into play when financing a higher education. After grants, savings and scholarships have been exhausted, many families make up the difference with student loans. But the big question is which loan will it be?
Several students don’t know what financial options are available to them and it’s easy to get lost in discussions of interest rates or “subsidized” versus “unsubsidized” loans.
The Student Loan Map guides readers through the various loan options with a series of “yes or no” questions. For example, students who answer “no” to the question, “Do you plan to go to school at least part-time?” are advised to take out a private loan. However, students who need help with loan repayments will find themselves shepherded to consolidation loans while students in exceptional financial need will be directed towards Perkins loans.
With the right knowledge, paying for a degree doesn’t have to be an overwhelming experience. This map is just one resource offered by loans.org to educate students. For more student loan information and FAQs visit http://loans.org/student.
For the full infographic, please visit http://loans.org/student/infographics/student-loan-map.
loans.org is a leading lending authority website that covers financial news, produces informative articles, and answers frequently asked questions. In addition to providing lending-related information, loans.org also hosts a variety of free online application forms for prospective borrowers to use when applying for loans.
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