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Reply to "Defaulting on student loan? "
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[quote=Anonymous]Re: private vs. public loans. Some students just don't understand the benefits of government backed loans, get very poor advice from their college, and don't have a family that can guide them toward better loans-and this is particularly try for students going to sketchy colleges. I totally believe their are students out there who took out private loans when they would have qualified for government backed-just like all those people who signed off on sub prime mortgages, when they would have actually qualified for a decent mortgage.[/quote]
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