What to know if you are considering state-backed student loans

What to know if you are considering state-backed student loans

When taking out student loans, most borrowers are aware of two options: federal student loans and private loans. But amid new limits on federal loans for graduate students in particular, the availability of a third option — state-backed student loans — is becoming increasingly widespread.While technically “states have had their own student loan offerings for decades,” a number of them have “recently moved to expand their loan offerings in antici…