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Student loans go a long way in financing the student to meet his/her college/university educational expenses. Student loans are a good alternative to Federal loans and an additional source of borrowed money to the student in case he/ she also receive federal loans.

Federal Loans are the government loans for the student to finance his/her graduate or undergraduate studies. These loans are for needy students only as per the EFC and FAFSA. Some students may have more family assets or income to qualify for this loan but not sufficient to pay for the college education. Here the Student loans enter to help the student. These loan amounts range from $1,500 to $45,000 depending on various factors such as the credit history and record of the candidate and the co-signer, financial position of the family, etc. Many international students can avail this loan with the help of a United States citizen/permanent resident as a co-signer .They are however not eligible for Federal loans.

Most of the private student loans in the United States are through TERI, a non-profit education resources company. Such loans are of immense help to the student for studies at undergraduate private institutions, graduate schools and for students attending schools, which do not come under the umbrella of federal loans, such as K-12 preparatory schools.

Numerous websites offer information about the student loans, companies offering such loans, difference between subsidized and unsubsidized loans, repayment charts, interest rates and where to go for the best amongst them. These guide the student for easy loan repayment within a certain period and not extend over an entire lifetime.

However, student finds it difficult to choose the school, but getting Student loans for paying the fees at their school of choice is another mammoth task. Parents also need to be aware whether they are eligible for such loans. The total of other expenses like mortgage, car payments add to be the net income to decide the availability and the amount of loan.