Why Do People Say Federal Loans Are Cheaper?

<p>choryphee: Thanks for the info, that’s really terrible. In my case, I’m going to a one year accelerated bachelor’s of nursing program, so since I’ve already been approved for the year, that’s all I need. So approval criteria aside - is my private loan likely a better deal?</p>

<p>jgonz123 - where does your family friend work as a nurse to make $110/k a year?? She either has a ton of experience and works major overtime, lives in a super high cost of living area (CA, NY), a combo of the those two…or she’s an advance practice nurse (APN): nurse practitioner, CRNA, nurse-midwife. Do you happen to know?</p>