Explore nontraditional borrowing options

Borrowing from family members, home equity, or a retirement plan may provide a funding source with more favorable interest rates and/or repayment terms than traditional student loan programs. Compare all options before committing to any loan.

Beware of personal consumer loans, short-term loans and payday loans. Although they are advertised as quick solutions to money problems, they regularly have high interest rates and unfavorable repayment terms, especially for a student.

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