Student Loan Alternative Comparison
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Facts and insights into student loan comparisons.
Today it's often necessary for students to become borrowers before they ever step foot on campus. Paying for higher education can be a challenge but there are choices: Federal loans. Tuition-only loans. Private loans. Credit cards.
Even if you qualify for a scholarship, grant or federal loan, you may still encounter a gap in your budget for the academic year. That's when an alternative loan makes the most sense.
When thinking about a private vs. federal loan, there are a few things to remember. A National City Direct Student Loan can help you avoid high-interest debt from overusing credit cards to pay for education-related expenses. A private loan can also help you avoid the possible drawbacks of other types of loans, such as difficulty in qualifying for need-based loans and the restrictions of tuition-only loans.