Education loans have the benefits of low interest rates, most allow you to finish school before you start repayment, you can receive tax breaks on interest, and they count as good debt which can help your credit rating.
- Federal Direct Loans (FDLs replaced the Federal Stafford loans)
- Federal Perkins Loan
- Graduate PLUS Loans
Public Loans - Conventional Banks and New Kinds of Internet-Based Enterprises
NJIT does not endorse any specific private lender; however, you may compare information about private lenders. Examples of some of the newer type private organizations which have emerged in the internet / online world (and have been reviewed by consumer reporters in the mass media--often favorably) include: