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Downfalls of Private Loans

When grants and scholarships don't cover the complete cost of college, loans are an obvious must for most students and their families. While borrowing money and taking on debt, here are a few things to consider regarding private loans: Private loans generally have an interest rate based and borrowing terms based on your credit record and current economic climate. If you have a credit score that is less than perfect, you are likely to have a high interest rate. Your rate will also vary based on current prime rates. Over the course of your loan, you are likely to experience… Read more here!

Categories: Financial Aid | Student Loans
Tags: interest rates private education loans private loans

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