Private Student Loan Issues Examined in New Report
August 8, 2012 RSS Feed Print
When borrowing for college, it's important to weigh all your student loan options.
Private Student Loans, the July 20th report from the Consumer Financial Protection Bureau (CFPB) to Congress, is data-driven and understated. It is also compelling and holds the feet of the private loan industry to the fire.
The most important information for borrowers and their families concerns the riskiness of private student loans and the difficulty distinguishing between private and federal loans. Nearly all private loans mimic key features of federal Stafford loans: They do not require borrowers to pay in school, offer a six-month grace period after graduation, and offer further
