Differences Between Private Student Loans and Federal

What are Differences Between Private Student Loans and Federal?

Some general features are given here about private and federal student loans.
    Federal Student Loans is provision by the government
    Low fixed interest rates are available in Federal student loans.
    It provides flexible repayment and long period options that included income-based   repayment
    Federal student loans may include federally-subsidized interest and it is depends on the student's need
    It requires completion of the FAFSA (Free Application for Federal Student Aid)
    School certification is required in Federal Student Loans
    It may offer borrower some benefits like interest rate discounts
    PLUS (Parent Loans for Undergraduate Students) loans require that the borrower have no adverse credit
    Stafford loans are not credit based

       But:

           When federal student loans, grants, scholarships etc. aren't enough to fulfill your entire education, private student loans can help you. 

Have interest rates and fees that are determined by the lender and often depend on your credit rating

Private Student Loans usually have variable interest rates

It is not necessary or required to be a consigner to apply but a qualified cosigner may help to get approved for a private student loan for a student and it is also possible to get a better interest rate

It may or may not have deferment and forbearance options

It may offer borrower in benefits like interest rate discounts
It also required school certification to get a private loan.
There is also needed the completion of a self-certification form