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An uncertified student loan is a loan that is not certified by the financial aid office of a college or university. These loans are given out solely on the credit of the borrower and/or their cosigner. Most colleges and universities do not certify any loans over the schools cost of attendance (COA). For instance, if the school's preset cost of attendance is $30,000/yr and you need loans totaling $40,000/yr. to cover your expenses, then you will need to take out an uncertified loan of $10,000.

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Q: What is an uncertified student loan?
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