LynnInMN Posted May 27, 2011 Report Share Posted May 27, 2011 Today you can take our a Private student loan pretty much as quick as taking a walk to the grocery. Not only that its relatively easy to get private educational funds, the most financially devastating thing is that the lenders are willing to mail the check directly to the borrowers! At this point a happy borrower can go out and buy a nice luxury car. The bubble is yet to explode, and its going to be much nastier than sub prime mortgage explosion of 2008.Huh?? Private loans right now are next to impossible to get without excellent credit and/or a cosignor. A huge number of lenders have closed their private divisions. If you are stupid enough to sign for the uncertified type and over borrow, sign a now for a ridiculous interest rate, well you deserve the outcome. Again....if you cannot afford the educational institution you wish to attend without private aid, you need to be looking at another school Quote Link to comment Share on other sites More sharing options...
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