<p>I've heard they're the worst when compared to federal loans 'cause they don't pay off the interest while you're in school...</p>
<p>The govt only pays for interest for federal subsidized loans (max of this loan this year is like 5,500). The unsubsidized and PLUS ones still accrue interest during your enrollment but you may not have to pay it all right away. Interest rates are prob higher for private though?</p>
<p>Yeah, I don’t know too many people personally (or at all… haha) who have taken out private loans because we all go through the federal loans first before we look for any other options. I’m pretty certain interest rates for private loans are much higher than if you took out federal loans :/</p>