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Cons of private student loans. Private student loans can present some potential issues for borrowers, such as limited repayment plans, ineligibility for federal forgiveness programs and fewer ...
Pros and cons of private student loans. Private student loans have many benefits, but you should also consider the downsides before signing up. Pros. High loan amounts.
Find out the nitty-gritty of private student loans here.Image source: Getty Images. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 ...
Federal student loans. Private student loans. Interest rates. 5.50% to 8.05% for loans disbursed before July 1, 2024. 6.53% to 9.08% fixed for loans disbursed after July 1, 2024
A private student loan is a financing option for higher education in the United States that can supplement, but should not replace, federal loans, such as Stafford loans, Perkins loans and PLUS loans. Private loans, which are heavily advertised, do not have the forbearance and deferral options available with federal loans (which are never ...
Forfeiture of federal benefits: If you choose to consolidate federal student loans with a private loan, you lose access to federal loan benefits. These include income-based repayment plans along ...
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