There seems to be a lot of confusion about student loans here as to what is subsidized, insured and so on. The federal government makes direct loans under various programs. The amount a student can borrow is generally fixed and often not enough to cover tuition and living expenses at many schools. Parental help, scholarships, income from part-time jobs, grants, state aid and grants make up the difference, or the student may go to a private lender to borrow the difference.
https://studentaid.ed.gov/types/loans#borrowing-limit
Schools and DOE discourage borrowing from private lenders.
Columbia College Chicago : Private Educational Loan Funding Sources
This is interesting as well: http://trends.collegeboard.org/sites...ull-report.pdf
https://studentaid.ed.gov/types/loans#borrowing-limit
Schools and DOE discourage borrowing from private lenders.
Columbia College Chicago : Private Educational Loan Funding Sources
This is interesting as well: http://trends.collegeboard.org/sites...ull-report.pdf
TYPES OF STUDENT AID
In 2012-13, 49% of all student aid was in the
form of grants — the highest percentage over
the past decade. In 2008-09, 44% of student aid
was grant aid.
–
In 2012-13, 43% of all student aid was in the form of federal
loans — the lowest percentage over the past decade. In
2008-09, federal loans constituted 49% of student aid.
–
The federal government funded 71% of all student aid and 41%
of all grant aid to postsecondary students in 2012-13.
–
In 2012-13, $238.5 billion in financial aid was distributed to
undergraduate and graduate students in the form of grants
from all sources, Federal Work-Study, federal loans, and federal
tax credits and deductions. In addition, students borrowed
about $8.8 billion from private, state, and institutional sources.
–
In 2012-13 undergraduate students received an average of
$13,730 per full-time equivalent (FTE) student in financial aid,
including $7,190 in grants from all sources and $4,900
in federal loans.
–
Graduate students received an average of $25,730 per FTE
student in financial aid, including $7,800 in grants and $16,240
in federal loans.
–
The American Opportunity Tax Credit increased the tax savings
for college students and their parents from education credits
and tuition deductions from $7.1 billion (in 2012 dollars) in 2008
to $15.6 billion in 2009 and to $20.3 billion in 2011.
In 2012-13, 49% of all student aid was in the
form of grants — the highest percentage over
the past decade. In 2008-09, 44% of student aid
was grant aid.
–
In 2012-13, 43% of all student aid was in the form of federal
loans — the lowest percentage over the past decade. In
2008-09, federal loans constituted 49% of student aid.
–
The federal government funded 71% of all student aid and 41%
of all grant aid to postsecondary students in 2012-13.
–
In 2012-13, $238.5 billion in financial aid was distributed to
undergraduate and graduate students in the form of grants
from all sources, Federal Work-Study, federal loans, and federal
tax credits and deductions. In addition, students borrowed
about $8.8 billion from private, state, and institutional sources.
–
In 2012-13 undergraduate students received an average of
$13,730 per full-time equivalent (FTE) student in financial aid,
including $7,190 in grants from all sources and $4,900
in federal loans.
–
Graduate students received an average of $25,730 per FTE
student in financial aid, including $7,800 in grants and $16,240
in federal loans.
–
The American Opportunity Tax Credit increased the tax savings
for college students and their parents from education credits
and tuition deductions from $7.1 billion (in 2012 dollars) in 2008
to $15.6 billion in 2009 and to $20.3 billion in 2011.
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