In 2006, Barnard College, in New York, started one-on-one counseling for students applying for private loans.
That is meant to save some families from having to turn to private loans.
My private loans had been split, so I had six different ones to pay.
San Diego State University started counseling and tracking student borrowers in 2010 and has seen private loans decline.
Asher cautions against taking out private loans, however, which usually have variable rates, and interest begins accumulating right away.
The delinquency rate for federal loans was 12.31% as of March 2012 while it was only 5.33% for private loans.
Credit scores treat student loan debt just like any other installment debt (and make no distinction between federal and private loans).
There are federal Stafford loans, federal PLUS loans and certified private loans.
Many of them chose private loans before exhausting their federal loan options, which are cheaper and protect them if they run into trouble.
Helps students compare real cost of college when attending at what monthly payments look like and actually apply for Federal and private loans.
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He added that the law doesn't appear to have met its objectives of bringing down borrowing costs and expanding access to private loans.
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More than half of student borrowers fail to max out government loans before taking out riskier private loans, according to research by the nonprofit Project on Student Debt.
All these steps were aimed at reducing credit spreads on private loans and increasing the supply of private credit, currently constrained by fear of counterparty default, illiquidity and banks' depleted capital.
But when I looked at my budget, I realized I could survive on half of what was being offered so I turned down the private loans that came with the highest interest rates.
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Private loans, which have been affected by the credit crunch and are becoming harder to secure anyway, tend to be more expensive for students with less than perfect credit ratings, and riskier than federal loans.
And finally, the Washington Post reported that some prospective college students are choosing lower-cost options as their parents find it harder to get home equity loans or private loans to pay for their education.
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Soon after regaining control of Congress in November, Democrats took aim at student lenders, particularly those that make private loans, which are neither subsidised nor guaranteed by the state and charge market rates that can top 17%.
This debt was incurred not just owed by the students themselves, but also by their parents, who were all-too-often encouraged by the institutions their children were attending to turn to private loans offered by eager banks to help pay the bill.
This matters because loans from the EFSF rank pari passu with loans provided by private-sector investors to a buckling sovereign borrower such as Spain, but credit from the ESM would be senior to private sector loans.
It would apply to Direct, Stafford, Grad Plus and consolidation loans but would not be available for private student loans.
For the first time, people have a place to go with complaints about private education loans.
The program provides a 100 percent government guarantee for private sector loans to SMEs.
TransUnion performed its study at the request of credit unions, which make private student loans.
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Private student loans often carry uncapped, variable interest rates and aren't required to include flexible repayment options.
And students continue to borrow private student loans, which lack the income-based repayment and deferment options of federal student loans.
Part of the lure: The prospect for lining up financing from Japanese government-affiliated lenders and private bank loans with state guarantees.
The company is no growth rocket, but the business of funding and servicing government-guaranteed and private student loans is pretty stable.
The answer is bankruptcy relief for both federal and private student loans.
Borrowers comparing private student loans might have to do some work.
Consumer bureau chief Richard Cordray said Congress should consider modifying a 2005 law that, except in rare circumstances, prohibits discharging private student loans through bankruptcy.
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