Video: About Low-Interest Student Loans

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Ordinarily, the government is going to provide students with low-interest loans in the form of Stafford loans. Find out how to apply for alternative loans at private lending institutions with help from a financial aid officer in this free video on student loans.

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Video Transcript

Hi my name is Brooke Kramer and I am the Financial Aid Officer for Argosy University in Salt Lake City. And today we're going to talk about low interest loans. Now normally the government is going to provide students with low interest loans, and that's in the form of Stafford Loans. We, normally the government tries to keep these interests fairly low, compared to what the national average is for interest rates. If you're not happy with the interest rate for Stafford loans, you can also go to private lending institutions and apply for alternative loans. Alternative loans may have lower interest rates, but it is up to the student to compare the different benefits of these loans, compared to federal government benefits. If you'd like to see if you qualify for government loans, you first need to complete the free application for federal student aid. You can find this at www.fafsa.ed.gov. If you have any other questions, please feel free to check out our website at www.argosy.edu.

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About Low-Interest Student Loans

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