I need help with figuring out how student loans work.
Will you be the one taking out the loan for college?
No, my daughter will be going to college.
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How can she become eligible for federal student loans?
Do you know how federal loans work?
Yes, somewhat.
Great. The first thing your daughter needs to do is fill out a FAFSA form.
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How do private loans differ from federal loans?
Unlike federal loans, private loans are made by a private lender. Each private loan could differ by lender and by type of loan, so it's very important that you and your daughter understand the terms of the loan.
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Are there any federal student loans available for graduate students?
Absolutely. The Direct PLUS Loans for graduate and professional students.
