There are several different options available for students in terms of student loans; however, following are the 10 Best Student Loan Options:
1. Subsidized Stafford Loan
2. Unsubsidized Stafford Loan
3. Federal Perkins Loan
4. Federal PLUS loan for parents
5. Direct PLUS loans
6. Federal consolidation loan
7. Federal Nursing Loan
8. Federal Insured Student Loan
9. Health Professions Student Loans
10. Private student loans
Let's take a look at each one individually so you can become more familiar with them.
1) The Subsidized Stafford Loan is available for both graduate and undergraduate study. While the student is in school, the interest on the loan is paid by the federal government. This loan is need based, so not all applicants may qualify.
2) The Unsubsidized Stafford Loan is also available for graduate and undergraduate study. Unlike the Subsidized Stafford Loan, with this loan the student is responsible for the interest that is accrued on the loan while they are in school. This is not a needs based loan, so students may be eligible for the loan even if they do not show a financial need for the loan.
3) The Federal Perkins loan is a type of student loan that is available to both graduate and undergraduate students. Applicants must demonstrate financial need in order to qualify for this loan. Funds are disbursed by the school and must be repaid to the school.
4) The PLUS loan program gives parents of students the option to borrow up to 100% of their child's cost of education. Parents are eligible for this loan even if they do not demonstrate a financial need and regardless of income.
5) Direct PLUS loan: this type of student loan is available to parents and guardians of dependent undergraduate students. Borrowers do not need to demonstrate financial need and may borrow up to the cost of attendance; minus any amount of financial aid that may be received. Loan funds are first applied to tuition and fees. This type of government and federal student loan has a variable interest rate.
6) The federal consolidation loan program gives students and their parents the option to consolidate loans and take advantage of lower interest rates and monthly payments.
7) The federal nursing loan gives students who are enrolled in nursing school the option of a low interest loan and flexible repayment options. Loan cancellation is available in some cases.
8) The Federal Insured Student Loan program gives students who might not otherwise qualify for a student loan the ability to receive the funds they need to complete their education.
9) The Health Professions Student Loan provides long-term, low interest loans to students pursuing degrees in dentistry, optometry, pharmacy, veterinary medicine or podiatry.
10) Private student loans require a credit check for borrowers; however, students and their families are typically able to borrow more money than they would have been able to through a federal student loan.
If you are considering a student loan; start your search with any of the above that may most apply to you.The above will be the most beneificial for college students.
For more in-debt information on the 10 best student loan options, and many other student loan topics please visit
www.student-loan-today.com.
Student Loan Today is a website filled with the latest information on student loans. The more popular categories of student loans are fully explained so as to help simplify the sometimes confusing process of securing a college student loan. Student Loan Today can be visited at
Go to www.student-loan-today.com. 
