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Consider the following tips to avoid potentially damaging scams. 1. Unrealistic guarantees for approval. One of the easiest ways to spot a loan scam is the promise of guaranteed approval.
To say the staggering student loan debt is a crisis is an understatement. It impacts almost 43 million people, according to the Department of Education, and scammers are taking advantage of the ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 12 January 2025. This article's lead section may be too long. Please read the length guidelines and help move details into the article's body. (January 2021) This is a dynamic list and may never be able to satisfy particular standards for completeness. You can help by adding missing items with reliable ...
Parents are advised to consider their monthly payments. Loan documents reflect the repayment schedule for a single year. Since most students borrow again each year, the ultimate payments are much higher. PLUS loans consider credit history, making it more difficult for low-income parents to qualify.
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 ...
More expensive than student loans: If you can get a federal student loan, you could get a better interest rate than you would with a personal loan. The interest rate on Direct Subsidized and ...
Conversions from for-profit to nonprofit are legitimate when the assets and income are fully committed to the educational purpose, and control by private interests is eliminated. Some converted nonprofits may not be legitimate. [12] A Government Accountability Office report about the problem is anticipated. [13] Art Institutes (converted in ...
Money to pay for a college education can be hard to come by. Saving in this economy is a challenge. Scholarships are competitive. And student loans often won't provide you with enough money to ...
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