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Borrowing
Money to Pay for College
There are three
different ways to borrow money to help pay for your expenses
in being a student:
Student Loans
Students can
apply as the borrower under the Federal Direct
Stafford Loan Program.
Parent Loans
Parents can
apply as the borrower under the Federal Parent Loan for
Undergraduate Student program.
Alternative Loans
Students can
apply for credit-based loans from private lending
agencies. It is not uncommon for a co-signer to be
needed.
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