August 25, 2009
More Students Take Out Private Loans Before Exhausting Federal Ones
Nearly two-thirds of students who took out private loans in 2007-8 borrowed less than they could have in federal Stafford Loans—up substantially from just four years ago, according to an analysis of U.S. Education Department data released Tuesday by the Project on Student Debt.
That group includes students who did not apply for federal financial aid, as well as those who did apply but
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