Question

1. What are different types of debt available to colleges and universities?

2 Are there specific types which are more relevant to private schools or public institutions?

Answer 1

Though there are major type categories of loan to students FEDERAL and PRIVATE Following types of loans are available for college students to attend college and universities:-

Federal Stafford Loans , which can be obtained from Govt directly and from Financial Institution, it is subsidized loan for long term with very low rate of interest
Federal plus Loans are loans based on credit score of individual and are again low interest rates, repayment generally starts as soon as students finishes his /her graduation
Federal Perkins loan is associated with low income families with very low interest rates i.e. eligibility criteria is income of the individual

PRIVATE LOANS

These loans are normal loans based on credit score and other eligibility criteria and taken from Banks or credit unions. Generally Interest rates are on higher sides and payment terms is also strict but loan limit is not very strict.

2. Specific to Pvt. Schools and Pvt. Institutions:-

There is no specific requirement for them but eligibility criteria needs to be fit for them for any type of loan