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If you’ve considered sending your child to a private K-12 institution and have gotten immediate sticker-shock, you’re not alone. In 2023, the average tuition cost for a private school K-12 ...
Private student loans are a type of personal loan specifically designed to pay for education expenses. These are offered by banks, credit unions, state agencies, universities and online lenders.
More expensive than student loans: If you can get a federal student loan, you could get a better interest rate than you would with a personal loan. The interest rate on Direct Subsidized and ...
Consolidation loans combine two or more student and/or parent loans into one loan. They are an option for those who find themselves struggling with multiple student loan payments. Consolidation loans are available for most federal loan types, and some private lenders offer private consolidation loans for private education loans. [10]
SLM Corporation (commonly known as Sallie Mae; originally the Student Loan Marketing Association) is a publicly traded U.S. corporation that provides consumer banking.Its nature has changed dramatically since it was set up in the early 1970s; initially a government entity that serviced federal education loans, it then became private and began offering private student loans.
Private student loans generally come in two types: school-channel and direct-to-consumer. School-channel loans offer borrowers lower interest rates, but generally take longer to process. These loans are "certified" by the school, which means the school signs off on the borrowing amount, and the funds are disbursed directly to the school.
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