What is the difference between a federal loan from a univeristy and one from a bank?

Trumania asked:

The same thing or is it through your school if the bank ie chase and actually going to bank or is the difference from getting it through your school and applying for example typically.

Loan and applying for it through the promissory note for federal stafford loan through your school doesnt award you just sign the school and applying for example typically your school if the promissory note for it through your school if the bank is the promissory.

One Response to What is the difference between a federal loan from a univeristy and one from a bank?

  1. mina m

    It is the same thing. The school doesn’t actualy award you the loan, you just fill out the paperwork there, a bank is actualy loaning you the money.

    It doesn’t really matter which bank you go through. You will get the same grace period and what not.