[caption id="attachment_46517" align="alignleft" width="150" caption="Half of students said they didn't believe they could ever pay down their student loans."][/caption]

Most college students take out school loans without understanding the differences between federal and private loans or the risks of variable interest rates, and the ease of online loan application forms has exacerbated misunderstandings that tack on years of repayments.

About two-thirds of college students don’t understand the basic differences between  federally-backed student loans – which usually have lower and more stable interest rates – and private school loans that often have wildly fluctuating interest...

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