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Old 05-12-2008
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soot soot is offline
U.S. Senator

 
Member Since: Aug 2007
Location: N.J.
Posts: 772

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Re: Bailout fever- student loans

Quote:
Originally Posted by erikvv View Post
And a "student loan" in this case means any loan granted to a student? So there are no alternatives for students?
There are alternatives but they could require paying up to a 15% interest rate on a private loan or they could require going to a state school, living at home with mom and dad, and covering tuition with federal and state loans.

This isn't going to prevent anyone from getting an education, but it's going to make it more dificult and maybe limit some options.
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