Federal Student Loans vs. Private Loans
Federal Student Loans
Federal Student Loans are loans that come from the United States government. These loans have low interest rates, and students are not required to begin repaying the borrowed amount until after they have left school or have dropped down to less than half-time status. These loans have flexible repayment options and allow for paused payments (in the form of deferments) if students face economic hardships or decide to go back to school.
Many students need more than their Federal Student Loans provide, so they opt to take additional Private Loans to pay for school. These Private Loans are different from Federal Student Loans in the following ways: higher interest rates, earlier repayment, and less lenient repayment options. Additionally, Private Loans may require the borrower to have a co-signer. In general, these loans are costlier over time due to their higher interest rates.
Private Loan Solutions
No matter which type of student loans you have, the Suber Group wants to help you obtain student loan forgiveness. While the Suber Group has always specialized in student loan debt forgiveness, in the past, their primary focus has been on the forgiveness and consolidation of Federal Student Loans. Beginning in January 2017, the Suber Group will begin to offer Private Loan Solutions. These Private Loan Solutions will allow the Suber Group to provide groundbreaking results for students who have Federal Student Loans, as well as Private Loans.