Thursday, May 19, 2011

Are one great way to pay for college.Private college loans A private loan is not backed by the federal government, so it's more like a traditional consumer loan. There's less paperwork and it's faster to apply and get your money to your school, but the rates and terms on federal loans are likely to save you more money over your lifetime. Remember to maximize your federal student loans for college before considering private college loans. Also, with private college loans, you will probably need a co-signer who is willing to sign for the loan with you aren't working don't have sufficient credit history. if you aren't

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