Types of Student Loans
What is a loan?
A loan is an amount of money that you can borrow but must pay back with interest.
Loan types
There are two basic loan types: federal/governmental loans and private loans
- Federal or governmental loans— commonly referred to as federal student loans— are loans offered by the federal government
- Private loans are loans offered by a lender (such as a bank, credit union, or school)
Learn more about the differences between federal and private loans.
How to get a student loan
To get a federal student loan, students must complete:
- FAFSA application
- Master Promissory Note (MPN)
- Entrance counseling
We’re ready when you are
- Enrollment is hassle-free, and it’s easy to get started.
- Financial aid is available, and we’re still accepting applications.
- You will find comprehensive support services that will get you through college and into a great career.
- We are veteran-friendly, and we understand and respect the needs of veteran students.
- If you want to transfer in credits, Admissions can typically review your unofficial transcripts of prior learning in less than one business day.
Contact us today!
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- Emailbdaley@goodwin.edu