January 5, 2007

Private Loans Are Risky for Needy Students, Report Warns

By STEPHEN BURD

With private loans fast becoming an essential tool for many students trying to finance a higher education, federal policy makers need to more fully examine the impact that such borrowing is having on financially needy students, the Institute for Higher Education Policy says in a new report.

Released last month, the report, "The Future of Private Loans: Who Is Borrowing and Why," seeks to provide detailed information on who is using private student loans and why.

"While private

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