Question

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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.

Answer 1

"Private student loans often allow for early repayment without penalty. Therefore, if you do choose to take out a private student loan, you can start paying off your loans while you're in school," according to Tayne. This, she says, means you can decrease how much you pay in the long run by saving on interest