Compare repayment options on all student loans. Ensure there are flexible terms, such as 10, 15 and 25 year repayment periods, as well as the ability to adjust your student loan payment according to your annual income. Determine if deferments and forbearance are allowed. These options can ensure your payments can be postponed during financial hardships.
Determine what loan forgiveness programs are offered under each student loan. Working in public service, as a teacher or having served time in the military may qualify you to have all or a portion of your student loan forgiven.
Compare how much you can borrow. While the federal government often sets limits as to what you can borrow depending on your year in college, private lenders may not set a limit on how much money you can borrow. Determine if you can only apply for the amount of your tuition or if you are able to apply for more.