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Shifting credit standards, loan fees, and interest rates have narrowed the differences between PLUS and Private Education Loans. There are significant benefits and drawbacks to each of these types of education financing options. For some students, a low variable-rate private loan may be the best financial decision for funding their education. For others, a PLUS Loan with flexible repayment options may be the most sensible. Understanding the nuances of these programs and the long-term outlook for paying back supplemental loan debt is key to advising students on where to turn to cover the gap not covered by a student’s financial aid package. Join us for a look at Federal and Private Student Loan options and how you can best answer the question “what now?”
**This session will be presented at the annual conference for the Massachusetts Association of Student Financial Aid Administrators on November 7, 2013.