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Educational Loans The majority of educational loan programs break down into two categories: student loans and parent loans. Within each category are two more types of loans: federal loan programs (government money), and private loan programs. The Department of Education administers the Federal Family Education Loan Program (FFELP) which delegates government monies to students and their parents. Private or alternative loan programs exist through many other sources. Choose from the loan programs below to find out which is most likely to help you. Student Loans You need to understand that educational lenders may offer incentives to encourage you to secure your loan funds through them. These incentives may affect the repayment terms of your loan or may reduce some of the administrative costs you are expected to pay for taking out a loan. We'll explain the how and why of choosing a lender to help you understand the importance of this choice. |
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