Several states maintain tuition recovery funds and performance bonds to reimburse students who are enrolled at one of the state’s private colleges if it closes.
* Default = 270 days late/missed payment on a federal loan and typically 90 days late/missed payment on a private loan (contact your lender for exact definition of default).
Get the money you need from leading lenders
PrivateStudentLoans.com recommends you consider all financial aid alternatives including grants, scholarships and federal loans
(Federal Stafford, Federal Parent PLUS, Federal Grad PLUS) prior to applying for private student loans.
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