Private Loans Facts and Trends

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Date
2019-05-02
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Journal ISSN
Volume Title
Publisher
The Institute for College Access and Success
Abstract

Private loans are one of the riskiest ways to finance a college education. Like credit cards, they usually have variable interest rates that are higher for those who can least afford them. Analysis of federal data from 2015-16 reveals that less than half of private loan borrowers use the maximum amount of more affordable federal loans.

Description
Keywords
federal student loan program, student debt, college affordability
Citation