Arquivos da categoria: Arkansas is a payday loan installment or revolving

Why Do Some Students Borrow Private Student Loans?

The majority of student loans are federal. Federal student loans are a popular option because they offer low fixed interest rates, flexible repayment, no credit check (except for PLUS loans) and loan forgiveness.

Nonetheless, some students choose to borrow private student loans. About 5.5 percent of undergraduate students borrow private student loans, according to data from the 2015-2016 National Postsecondary Student Aid Study (NPSAS).

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