Received our Financial Aid. Even though our household income is under $100,000, we seem to be on the short end of the stick with the amount being dished out in awards and loans. The Subsidized loan is a no-brainer as the interest is paid off. The Unsubsidized is like a regular student load. What other options are there for the PLUS, or is this the best option? What is the average load rate of others. I see Sallie Mae, Discover, and College Ave. I am not sure on the decisions of these, maybe someone has more insight on this. It looks for now as most of his College expenses will be on loans. :neutral: Are Federal Direct better than Private loans? I want the loan to be on my child, and I as a cosigner. I believe the PLUS is taken out on the Parent.
Federal Direct Subsidized Loan
Federal Direct Unsubsidized Loan
Federal Direct Parent Loan for Undergrad Students(PLUS)