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True or False: It's always better to take a loan from a private bank to pay for your college tuition.

User Pilladooo
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1 Answer

5 votes

Answer:

False

Step-by-step explanation:

Generally, government student loans are much cheaper than loans given from private banks. Government student loans usually carry a very low interest rate, lower than the rates used by private banks. Also, the government might provide additional assistance during special times, like the current health crisis where payments were frozen.

User TheGeekster
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