Campus Loans

Campus LoanA student loan is is special because it is designed to help students cover the cost of their college tuition, books, and other living expenses. They are distinguished from other loans by their low interest rates and flexible repayment schedules, and can be obtained through both the federal government and private lenders. As they are tailored for students, they have more favorable borrowing terms than many conventional loans, including flexible repayment plans and the ability to defer repayment for several months after graduation.


A college education is essential to professional success, but unfortunately it comes at an enormous cost. For most students and families, paying for college is a serious financial hurdle to clear, and scholarships and grants are not enough to cover the full costs of attending school. With general financial aid budgets struggling to meet ever-rising tuition, families are often forced to turn to bank lending to cover the remaining costs. Campus loans are available in several forms from the federal government, banks, and other financial institutions.

Financial Aid

Applying for Campus Loans

Today, college students have many options to choose from, so it is important that you thoroughly do your research before applying. The first factor to consider is how much money you still need to pay for your educational costs, as you absolutely never want to borrow more than you need. Over-borrowing will only result in additional and unnecessary expenses when you have to repay the loan. Two other factors a student should consider are the interest rates and the repayment terms of the loans, which you can compare on our site by completing the form above.

When searching, it is important to know the difference between federal and private student loans. Federal loans should be your first option before looking into private student loans, as

they generally have lower interest rates and more favorable borrowing terms than private options Depending on your financial need, you could have four loans to choose from: Perkins, Subsidized Stafford, Unsubsidized Stafford, and a PLUS loan. If federal student loans still do not completely cover all of your costs, then you can turn to private loans to fill the financial gap. It is important to review the interest rates and repayment terms for these types of loans, which you can do by using our Student Loan Comparison Tool. Some loans might have similar characteristics as federal student loans, but others might have significantly higher interest rates or stricter repayment terms. It’s important to know all the details before you apply, so let SimpleTuition help you with your financial homework.


Types of Student Loans