联邦贷款 vs Private Loan Comparison
It is important to know the differences between a Federal Loan and a private loan. Differences in eligibility, interest rates and repayment schedules exist between the Parent PLUS and private loans.
| Federal Direct Student Loans | Federal Direct Parent Loans (Parent PLUS) | 私人贷款 | |
| 借款人 | 借款人是学生 | 借款人为家长 | 借款人是学生, and the student should have a co-signer to secure the loan at the best possible rate. |
| 信用检查 | N/A | Parent must pass a credit check. Cannot have an adverse credit report or be in default. | 借款人 (and co-signer) must pass a credit check. Cannot have an adverse credit report or be in default. |
| 还款 | 还款 begins six months after the student graduates or ceases to be enrolled at least halftime. |
还款 is 60 days after the final disbursement of the academic year or may be deferred until 6 months after the student graduates or ceases enrollment. | 还款 options vary from lender to lender. |
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| Registration Requirement | Student must be registered for at least 6 hours and making satisfactory academic progress. |
Student must be registered for at least 6 hours and making satisfactory academic progress. | Some lenders allow students to be enrolled less than 6 hours and be USAP (unsatisfactory academic progress). |
| FAFSA | FAFSA必须存档. |
FAFSA必须存档. | A FAFSA is not required, but is recommended, to take advantage of the federal loan programs. |
| 应用程序要求 | First time borrowers must complete:
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借款人必须填写
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借款人s should apply with the lender of their choice. BGSU offers this comparison tool as a reference tool to several lending options: ELMSelect - Bowling Green State University |
Updated: 03/22/2024 05:49PM