HELP with the different loan types

Colleges & Universities Princeton University
1

<p>I’m having trouble understanding the different types of loans that princeton offers. The Federal Unsubsidized Stafford loan and the Princeton unsubsidized student loans look very, very similar to me. are there any major differences i should be aware of when taking out loans?</p>

2

<p>The Federal Unsubsidized Stafford Loan and Princeton Unsubsidized Loan are very similar. The basic difference is that the Federal Load is 6.8% w/ up to 1.5% loan origination fee. The Princeton Loan is 7% w/ no fee. I talked with FA and they said that they encourage you to go the Stafford route first because those are external Federal funds and do not use Princeton’s resources. Also, they are working on potentially being able to manage the Stafford loans through their office with potentially no fees… call back later is the response that i got.</p>

<p>The “Financing Options for Students and Parents” document has details…
<a href=“http://www.princeton.edu/pr/aid/pdf/PU-financing-options-1011.pdf[/url]”>http://www.princeton.edu/pr/aid/pdf/PU-financing-options-1011.pdf&lt;/a&gt;&lt;/p&gt;