Student loan debt now exceeds credit card debt. To get a better understanding of the various types of student loans and how to make decisions about which to use, this video is helpful. Financial aid expert Mark Kantrowitz discusses the importance of prioritizing federal loans over private lenders and offers guidelines for reducing future student debt. He reviews Stafford vs. PLUS vs. Perkins loans and provides other thoughts about managing college costs.
You can view the nine-minute video here: http://www.morningstar.com/advisor/v/55752443/a-study-guide-for-student-loans.htm
~ Brooks, Hughes & Jones, Partners in Wealth Management, Tacoma, WA
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