Last Updated: November 17, 2025
With new federal loan limits taking effect, it’s important to compare private lenders carefully. Look at interest rates (fixed vs. variable), repayment options (in-school deferment, grace periods, and flexible payment plans), fees, cosigner requirements, and any borrower protections such as hardship forbearance.
You’ll also want to review refinancing options after graduation. Since private loans vary more than federal ones, shopping around can help you find the best fit for your credit and long-term plans.