(Yes, there are different types, and I’m not just talking about private vs. federal)

Did you know there are 10 DIFFERENT TYPES of Student Loans?  That’s right 10!  And there are 2 different Federal Student Loan Programs.  Your rights and repayment options vary depending on the type of Student Loan you have.

The 2 Federal Student Loan Programs are:

  • Federal Family Education Loan Program (FFEL), and
  • William D. Ford Direct Loan Program

The 10 different types:

  • Perkins Loans
  • Stafford Subsidized Loans
  • Stafford Unsubsidized Loans
  • Plus Loans
  • Parent Plus Loans
  • Consolidated Loans
  • Joint Consolidated Loans
  • Private Student Loans
  • Health Professional Student Loans
  • Texas Guaranteed Student Loans

The best place to start is by going to www.NSLDS.ed.gov.  This is the federal government’s website that will list all the federal loans that you have ever had.  This website will give you details about your Student Loans such as the date of origination and the amount, the current principal balance and interest, the interest rate, the current lender, servicer and guarantee agency as well as historical data on your federal student loans.

What is the difference?  Let the experienced Student Loan Attorneys at the Ciment Law Firm explain what your options are and set you on the path to Student Loan Debt Resolution and financial freedom.