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Re: Bailout fever- student loans
Quote:
Originally Posted by erikvv
And a "student loan" in this case means any loan granted to a student? So there are no alternatives for students?
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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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...Old Europe, a once-dominant region now reduced to sucking at the geopolitical teat of America... they spent the better part of the last millennium conquering the world and taking the good stuff home with them... And what do they get for their troubles? Ungrateful colonies demanding their independence. And after you taught them how to play cricket!...
-Jon Stewart
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