To increase a student's chances of managing repayment successfully, experts recommend total borrowing for a student's education be no more than the expected first - year salary. (iowastudentloan.org)
Private student loans do not offer these benefits, but they may provide a lower interest rate as well as higher total borrowing limits for those who qualify. (studentloans.net)
Consumers did increase total borrowing as a whole because they took on more car and student loans during quarter two. (badcredit.org)