What's the Difference Between Federal and Private Student Loans?

90% of outstanding balance is through the federal lending programme. A lot of it is actually people who borrow for graduate degrees. People also take on private student et to go to college at much higher interest rates, looks more like a credit card. Average borrower s out with about 30 thousand dollars from a bachelor's degree and that's because they're hitting the maximum borrowing levels allowable through that programme. Nobody's getting a hundred thousand dollars in federal student loans from an undergraduate degree.