Private student loans generally

Name: Private student loans generally
Brand: Quizplus
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Question

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Private student loans usually come with higher fees and interest rates than federal student loans because they are riskier for lenders. Private lenders require a credit check and often require a cosigner, which means they are lending money to people who may not have a credit history or a steady income yet. Therefore, to compensate for the risk, private lenders charge higher fees and interest rates.

Private Student Loans Generally