4 Types of Federal Student Loans to Consider

If you plan to borrow money to help foot the bill for college, here's what you need to know.

Editor's note This article originally was published in the April 2014 issue of Kiplinger's Personal Finance.

Finding the right fit also means keeping student debt within reason. One benchmark suggests that students should borrow no more than they expect to earn in their first year in the workforce. (Students who borrow graduate with an average of $29,400 in debt, according to the Project on Student Debt.) Max out federal loans before even considering private debt: Federal loans come with flexible repayment programs and other protections. Here are the federal loans available to undergraduates or their parents.

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Former Staff Writer, Kiplinger's Personal Finance