"A single courageous state may, if its citizens choose, serve as a laboratory"
-Justice Brandeis
State college loans (where they exist) are overseen by the state's higher education agency. They can be managed and financed entirely through government funding, or in partnership with private lenders.
State programs not only fit these needs, but many offer their own unique features as well. And their interest rates are usually below the rates offered for
private student loans
.
In some cases, state loan rates are even more favorable than the
federal interest rates
.
38 states have some kind of college loan program. State grants, scholarships and loan forgiveness programs are also described here. Click on your state to see what is offered:
If your state does not offer its own loans and if federal student loans are not enough to cover your college costs, you can compare loans offered by private lenders to see which is best for you.
After you've seen what is available in your state, check some others out. If you see something you would like your state to include, contact your
state legislators
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