This video from CNNMoney gives good advice on how to protect yourself if you need student loans to pay for school. Be especially careful of private student loans which charge higher interest rates and are known to have hidden fees.
Duration : 0:1:18
Student loans consolidation
February 8th, 2009 at 10:27 pm
Ya! Borrow from the …
Ya! Borrow from the Feds so that if you can’t repay they can come after you like the IRS. Listen to the mainstream media and go ahead and get yourself into trouble. The private loans may be higher interest, but you won’t have the government breathing down your neck and threatening to put you in jail if you can’t repay.