Robert R. Rowley PS

Over the next few weeks, hundreds of thousands of students and their parents will apply for student loans for the coming academic year. Many students will sign up for federal loans, where they will find the best deals.

But for a certain group of applicants—undergraduate students with creditworthy parents and graduate students with high credit scores—student loans from private lenders, long associated with high interest rates and stricter repayment terms, are becoming more borrower-friendly and could help them save thousands of dollars over the life of a loan.

Source: The New Math of Student Loans – WSJ