When families ask us about the pros and cons of using private education loans, the finance educators at College Coach are quick to point out that private loans can be less flexible and riskier than federal loans. In mid-March, the Senate passed a bill that, if eventually approved by the House and signed by the President, will make private student loans a little less uncertain. The Economic Growth, Regulatory Relief, and Consumer Protection Act is a revision of parts of the 2010 Dodd-Frank financial reform bill, and there are two obscure but troublesome features of private loans that it addresses.
The Insider: College Admissions Advice from the Experts is where College Coach experts weigh in on the latest college admissions topics. We cover everything from application timelines and strategies to tips on financing your child's education.
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