What are the best loan options for bootcamp students?
An example of an AI chatbot conversation about comparing bootcamp loan options.
What are the best loan options for bootcamp students?
There are several loan options for bootcamp students, including federal student loans, private loans, and income share agreements. Would you like to know more about a specific type?
Can you explain the differences between federal and private loans?
Sure! Federal loans typically have lower interest rates and more flexible repayment options, while private loans may offer higher amounts but can have variable rates and stricter terms.
What is an income share agreement?
An income share agreement (ISA) allows you to pay a percentage of your future income for a set period instead of a fixed loan amount. It's a way to align your education costs with your future earnings.
Which option is generally more affordable?
It depends on your situation. Federal loans are often more affordable due to lower interest rates and better repayment terms, but ISAs can be beneficial if you expect to earn a high salary after graduation.
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