Paying for College

Fake Federal Student Loans

Are you weary of the tidal wave of scams coming at you from "out there"? Well, here's one to add to your list: student loans that trick you into thinking that they are Federal government loans. As Consumerist.com notes:

Some students who didn't read the fine print are finding out too late that what they thought were federal student loans were actually private loans. The mistake is the difference between a 6% and 18% interest rate.

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