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Some of the lenders we reviewed do offer that – but you’re taking a risk because most forbearance programs are arbitrary, meaning the loan companies can decide whether or not to grant you the forbearance period.

You might need private student loans to fill the gap between federal loan funds and the actual costs of college attendance.

Student loans are considered higher risk than car loans, house loans and other loans you can get from a local bank.

You will have to go to a lender that specializes in student loans or to a bank big enough to offer them.

Depending on your need, you may qualify for additional grants or subsidized loans.

If you max out your federal student loans and still need assistance, you may want to think about getting a private student loan as well.

Most federal student loans also don’t require credit checks to qualify.

To find out which federal loans you qualify for, fill out the Free Application for Federal Student Aid (FAFSA) online.

We used companies’ loan calculators, called their customer service agents (listening to the same 30 seconds of Vivaldi while on hold gets old fast) and read as much of the fine print as we could (there was a lot).

Here’s what we found: Loan Limits Every student loan, whether federal or private, has a borrowing limit.

Private Student Loans As a general rule, don’t consider getting a private student loan until you’ve maximized your federal student loan options.

Private student loans are similar to credit card loans.

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