Reported 1 day ago
To determine if your student loans are federal, you can log into the Federal Student Aid website, check your lender's account, or consult your school's financial aid office. With significant changes to federal loans starting in 2026, understanding the type of loans you have is crucial, as new borrowers will face limited repayment options. Federal loans are government-administered and include specific identifiers like 'Direct' in their names, while private loans come from banks or credit unions. It's important to weigh the differences between federal and private loans as you plan your educational financing.
Source: YAHOO