For many people, student loans are the difference between hoping for a college degree and actually getting one.

green space in spring time with foot paths in between buildingsIf you’re in need of a student loan to attend Wingate University, you’re in great company. In fact, the majority of students graduating from college these days take out some kind of loan. Thankfully, there are lots of options out there.

Federal Lending Programs

Federal student loan programs are backed by the U.S. government. You might be eligible for:

The Federal Student Aid website makes it easy for you to request and manage loans, whether you’re an undergraduate student or parent or graduate student.

Alternative Loans

Alternative student loan programs made available by private lenders help fill the gap between the financial aid you receive and the money you still need. You’re not required to use student loan programs provided by banks. But credit-worthy students or students with credit-worthy co-borrowers can borrow money through these programs.

Whether you choose a federal lending program or an alternative loan from a private lender, it’s important to make a well-informed decision. Not all student loans are created equally. Because the money you borrow now will impact your future, you need to figure out what’s best for your situation. Research all of your options and make sure you understand the differences between the various types of loans.

If you have questions about which loan is right for you, check out our FAQ page or contact our office.