The crash of the student loan market due to the economic recession and credit crisis has made it that much harder for students to fund their higher education. With capped borrowing limits on federal loans, unrealistic financial aid packages, and the cost of attendance rising, private loans, for many, have become the only way to cover the cost of attendance. Once you qualify for these increasingly hard to get loans, you're stuck with high, variable interest rates and staggering fees, putting a damper on any student borrower's future.
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