The Institute for College Access and Success2020-08-192020-08-192019-05-02http://hdl.handle.net/10919/99775Private 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.application/pdfenCreative Commons Attribution NonCommercial NoDerivs 3.0 Unportedfederal student loan programstudent debtcollege affordabilityReporthttps://ticas.org/wp-content/uploads/2019/08/pl_facts_trends.pdf