A private student loan is a loan that will pay for your education. It is offered through a bank or another lending institution. It is not available through your school. The government does not subsidize it and it does not have the same guidelines as a Stafford loan does in regards to interest rates and repayment options.
When you take out a private student loan, you should shop around, just as you would with any type of loan. You need to consider several factors before you take out a private
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