Lets say you don't have sufficient money to pay for school and the cost of living by only using federal student loans is good idea. But also private student loans supplement the income you receive from federal student loans and can be deferred while you attend school.But i will encourage as a students to use all federal student loan options before turning to the private market. Thought private college loans are an effective way to pay for school while you are attending classes and consolidate your student debt after graduation. I will also recommend using SoFi, Citizens Bank and Wells Fargo for your private student loan lender.
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