Which type of student loan is best – federal or private?
Federal student loans usually cost less and offer more flexible repayment options. Private student loans may have interest rates that are competitive with Federal PLUS Loans, so shopping around is critical.
"With all the worries about rising college costs, lower- and moderate-income families should keep in mind that there are federal tax benefits that can help ease the financial burden of getting an education. For instance, there are two tax credits available that can lower your tax bill while you, or your child, are in school."