STUDENT LOAN

1. FEDERAL

1.1. ADVANTAGES

1.1.1. FIXED RATES

1.1.2. BY GOVENMENT

1.1.3. REPAYMENT PLANS

1.2. DISADVANTAGES

1.2.1. BY BANK

1.2.2. ADDITIONAL DISCOUNTS

1.2.3. MAY NOT BE ENOUGH TO COMPLETLY COVER THE COLLEGE COSTS

2. PRIVATE

2.1. ADVANTAGES

2.1.1. NO PREPAYMENT PENALTIES

2.1.2. REWARD FOR EXCELLENT CREDIT

2.1.3. HIGHER BORROW LIMITS

2.2. DISADVANTAGES

2.2.1. REQUIRE A COSIGNER

2.2.2. NO FEDERAL SUBSIDY

2.2.3. INTEREST RATES MIGHT BE VARIABLE