The first danger of private student loans try credit that have a great reduced credit rating. While it is you can easily to help you qualify for down interest levels, you generally speaking need a good credit score to do this. Because many people has actually a limited or less than perfect credit history, they tend to spend highest rates of interest for the private finance than just they actually do on the federal money.
As well as, since most personal figuratively speaking is issued as a result of banking companies, you will find few defenses to possess individuals. Government...