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U.S. PIRG Consumer Blog
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April 09, 2009
NCLC: High-cost private loans crippling students
The new report Too Small To Help from our colleague Deanna Loonin at the National Consumer Law Center has troubling news for student loan borrowers: The federal government and lenders must do more to help borrowers struggling to pay back expensive private student loans. [...] The annual volume of new private student loans soared over the past decade to exceed $19 billion, as college tuitions grew, grant aid stagnated, and the government set limits on its loans. Student loan borrowers can get tips, including advice on how to avoid private loans, from the PIRG StudentDebtAlert project.
Posted by Ed Mierzwinski at April 9, 2009 10:39 AM
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