Student loans, like any consumer loans, must be repaid. In addition to federal loans, there are alternative loan options available to you. Federal loans often have the best interest rates, deferment options, and repayment plans. Therefore, you should exhaust your eligibility for federal loans prior to considering other loans.
Note: In order to receive federal loans, students must be registered at least half-time in courses that count toward your degree program. Half-time is a minimum of 6 credits per semester for undergraduate students and 4.5 credits per semester for graduate students.