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Private Student Loans - What Makes Them Profitable?
Private student loans were basically used by students and their parents to cover anything the government back student loans and grants couldn't. A bank participating in the federal loan programme likely buying and selling debt through sally may, is also there to sell you pivate bank loan. The banks have no risk at this point. They have zero risk. In fact, the only risk they had was not getting money fast enough out of the door.