07.27.23 New Business Hours / Student Loan Update
The Clark Howard Podcast
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How Much Should My 18 Year Old Son Take Out a Private Student Loan?
Can our 18 year old son take out a private student loan on his own or must a parent cosign? Our oldest son will be in his first year of college after scholarships, a preset amount that we are contributing. Private loans represent somewhere around 6 or 7 percent of student loan borrowing. In other words, 93, 94 percent is all federal loans of various types.
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