NAICU - Some students are leaving college with huge private loans

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Some students are leaving college with huge private loans

Baltimore Sun - Column

December 4, 2011

Private loans aren't closely tracked like federal aid, so it's difficult to know the extent of borrowing and the impact on young adults. A recent study by the Project on Student Debt found that about one out of seven undergraduates took out a private loan for the 2007-2008 academic year, the most recent figures voluntarily reported by schools. The majority of students resorted to private loans before fully taking advantage of federal loans. Worse, some didn't even bother with federal loans.

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