Glater, Jonathon. “Guide to Student Loans.” The New York Times. 30 Nov. 2007. Web. 2 Sept. 2014.
In this informational article, The New York Times describes the different types of loans that students can take out, the interest on federal loans, what a FAFSA is and how to file one and how to shop for federal loans. There are two types of federal loans: federal loans from the government directly, and federal loans through the bank. In addition to these federal loans, there are also loans available from banks and private lenders. When taking out a student loan, looking at the interest is very important. The average interest on students loans is between 5% and 8.5%. When taking out a loan, shopping for loans is important in order to find the best loan for your circumstance.