Federal loans, the best way to go

Federal loans will give you a less headache and much benefits than private, and credit cards will do.

Federal loans interest are usually fixed, this means you will pay the same through the entire payment plan you make.

You will have the option to defer the loan, if you decide to go back to school or join the military, only this has a disadvantage, the interest keeps adding up each month, and this could be more expesive at the end.

Federal loans have insurance, if you decived or become disable, so you will be repaid.

If you decide to become a teacher, or work in public service, or health, you loan can be forgiven.

If you get a low income, you will have the opportunity to pay a 15 percent, instead of a fixed payment.

After you graduate, you will have the opportunity to consolidate your loans into one only, and streach your payments up to 30 years, which will make your monthly payments very small, even though this is not the best idea, remember the interest keeps adding up, and you willpay even more. But consolidation all into one, is a plus.

If you decide to pay your student loans earlier, the government wont charge you anything.