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Web Extra: The Best & Worst Kinds of Student Loans

Friday, 2 Jan 2009 | 5:12 PM ET

The cost of going to college is going up every year. This year, it will rise an average of 8% at least. So to make 2009 the year we borrow for school the right way, we need to know the difference between good student loan debt (fixed-rate public loans), and bad student loan debt (private loans).

Watch the video to learn more about each kind of loan, courtesy of John Uzheimer.

On the Money Web Extra
CNBC's Carmen Wong Ulrich helps viewers manage their personal finances in this On the Money Web Extra.


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