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Financing a college education with the government is the only way to go if you have a choice. The government offers borrowers much more leeway when it comes to paying off student loans, and if you get lucky, the government is also prone to lowering and even forgiving some loans at the whim of the position of a party trying to win public support.

You will never find these things going on at private lending institutions, which hold absolutely no tie to the political arena. They are also much more likely to play things exactly by the book, which means dinner calls if a payment is late.

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13y ago

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