The conversation between human and AI assistant.
How can I research the best student loans to take out?
That's helpful. What is the difference between federal and private student loans?
Federal student loans are offered by the US Department of Education, while private student loans are offered by banks and other financial institutions. Federal loans generally have lower interest rates and more flexible repayment options, while private loans may offer more money but have higher interest rates and may require a co-signer.