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  2. I didn't cosign my kids' student loans because I couldn't ...

    www.aol.com/didnt-cosign-kids-student-loans...

    I was a single mother with a lot of debt, so I couldn't cosign student loans for my two sons. We opened the financial and college discussions early, so they understood. I helped them pay for their ...

  3. Federal Family Education Loan Program - Wikipedia

    en.wikipedia.org/wiki/Federal_Family_Education...

    In 2007-08, FFEL served 6.5 million students and parents, lending a total of $54.7 billion in new loans (or 80% of all new federal student loans). Since 1965, 60 million Americans have used FFEL loans to pay for education expenses.

  4. Sallie Mae - Wikipedia

    en.wikipedia.org/wiki/Sallie_Mae

    SLM Corporation (commonly known as Sallie Mae; originally the Student Loan Marketing Association) is a publicly traded U.S. corporation that provides consumer banking.Its nature has changed dramatically since it was set up in the early 1970s; initially a government entity that serviced federal education loans, it then became private and began offering private student loans.

  5. Student loan crisis arose from 'giving families a blank check ...

    www.aol.com/finance/student-loans-u-stop-giving...

    The student loan debt crisis arose after legislative changes over the years that create a system of largely unchecked lending to millions of students, according to a reporter and author of a new book.

  6. Federal Direct Student Loan Program - Wikipedia

    en.wikipedia.org/wiki/Federal_Direct_Student...

    In 10 years, the loan program experienced 230% growth in the loan portfolio and 130% growth in the loan recipients. Student loan debt in 2019 is the highest it has ever been. According to the latest loan debt statistics, student loan debt has become the second highest consumer debt category behind mortgage debt. [15]

  7. Common types of installment loans and their best uses - AOL

    www.aol.com/finance/common-types-installment...

    5. Buy now, pay later loans. Buy now, pay later (BNPL) loans break up the cost of a purchase into installments, usually four, so that people can afford more than they otherwise would be able to ...

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