Private student loans are one of the riskiest ways to finance a college education. Like credit cards, they usually have variable interest rates that are higher for those who can least afford them. Analysis of federal data from 2007-08 reveals that a majority of private loan borrowers did not take out all they could in safer, more affordable federal loans.
Quick Facts About Student Debt in 2008
Useful one-page fact sheet about average student debt across all sectors of higher education and Pell Grants.
Risky Private Student Lending on the Rise Again
One-page fact sheet on the recent signs of renewed growth in the private student loan market.