Government-backed loans provide the best interest rates, and offer the greatest flexibility for repayment.Private loans are harder to get, because formal credit checks are required, but even bank loans provide flexible payment alternatives.
Scholarships and grants are always the preferred form of financial aid as they do not require repayment, and can be considered free money.
Your Master Promissory Note forges a legal agreement between you and your lender, which establishes your commitment to pay the money back – with interest.
Each student loan program carries its own unique eligibility requirements and repayment conditions.
Fannie Mae was chartered in 1934 as an FHA insured mortgage organization.
It expanded into also including VA-backed mortgages after World War II.
Wells Fargo provides many calculators and tools to answer your student loan questions.