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anonymous

17h agoEdited 16h ago

Private vs Federal loans

Is there ever a situation where it is better to take out private loans than federal? For example the private rate I got for Sallie Mae was 3.5% vs 8% for federal. I’m a little concerned I’m missing thinking about certain cons because all the advice I’m hearing is to avoid private if possible

I’m grateful to be in the position where I have to take out <50k a year

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