Unsubsidized loans are available to all students, regardless of financial need. The student is responsible for paying the interest on unsubsidized loans while in school and during the grace period.
Private Student Loans
Private student loans are provided by banks and other financial institutions, and they are typically offered at higher interest rates than federal student loans. Private student loans are not backed by the government, so they are not subject to the same regulations as federal student loans.
There are many different types of private student loans available, so it is important to compare the terms and conditions of each loan before you apply. Some private student loans may have variable interest rates, while others may have fixed interest rates.
