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  2. Federal vs. private student loans: What’s the difference? - AOL

    www.aol.com/finance/federal-vs-private-student...

    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

  3. Private student loan (United States) - Wikipedia

    en.wikipedia.org/wiki/Private_student_loan...

    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 ...

  4. Loan - Wikipedia

    en.wikipedia.org/wiki/Loan

    The monthly payments of personal loans can be decreased by selecting longer payment terms, but overall interest paid increases as well. [6] A personal loan can be obtained from banks, alternative (non-bank) lenders, online loan providers and private lenders.

  5. Sallie Mae - Wikipedia

    en.wikipedia.org/wiki/Sallie_Mae

    The company now offers private education loans and manages more than $12.97 billion in assets. On April 30, 2014, Sallie Mae spun off its loan servicing operation and most of its loan portfolio into a separate, publicly traded entity called Navient Corporation. Navient is the largest servicer of federal student loans and acts as a collector on ...

  6. Are Sallie Mae student loans federal or private? - AOL

    www.aol.com/finance/sallie-mae-student-loans...

    Private loans come with competitive terms for borrowers with excellent credit, with fixed or variable rate options available. Comparing offers from Sallie Mae with other lending options is a wise ...

  7. Should you use a personal loan to invest and build wealth? - AOL

    www.aol.com/finance/personal-loan-invest-build...

    Personal loans are generally free of spending restrictions, so you can potentially use the funds to invest. However, some lenders disallow the use of loan proceeds to make certain investments.

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