Given how expensive college is these days, many students have no choice but to borrow money to fund their degrees. If that’s the route you’re planning to take, you should know that not all student loans are created equal — and that borrowing privately for college is a move that you may end up regretting.
When it comes to borrowing for college, you have two choices — you can take out federal student loans, which the U.S. Department of Education oversees, or you can take out private loans, which aren’t regulated by a government agency. Here’s why private loans may not be your best choice. Continue reading “Why Are Private Loans Such a Bad Choice for College Students?”