Financial Aid

Questions Student Borrowers Might Pose to Lenders

Private student loans are not guaranteed by the government and their interest rates are not capped. Before considering one, make sure all government and institutional financial resources are exhausted.

If there are no other way to fill the financial gap, shop around and do research before choosing a private loan. Keep written records of all forms, applications and correspondence with your lender, especially regarding discounts and special deals, for the entire life of your loan.

Questions for Lenders

Source: Project on Student Debt of the Institute for College Access and Success


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