What is one benefit of privately issued student loans? They are issued in cooperation with the student's university to reduce costs and paperwork. They have lower interest rates and can be paid back with lower out-of-pocket costs. They are backed by the US government to ensure greater financial security. They are available to any student who meets lending standards, regardless of financial need.

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Social Studies

Eden Kirby

2 December, 01:09

What is one benefit of privately issued student loans? They are issued in cooperation with the student's university to reduce costs and paperwork. They have lower interest rates and can be paid back with lower out-of-pocket costs. They are backed by the US government to ensure greater financial security. They are available to any student who meets lending standards, regardless of financial need.

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Gunnar Tyler · Answer 1

While there are some real pros of private student loans, they're balanced by some definite drawbacks.

Ineligible for income-driven repayment or federal forgiveness ...

Interest rates might be variable ...

No federal subsidy ...

A cosigner may be necessary ...

Private debt follows you to the grave.