Student loans still pose plenty of pitfalls

Student loans still pose plenty of pitfalls
John W. Schoen
msnbc.msn.com
With college students soon returning to school and tuition bills due, this is crunch time for parents and students struggling to figure out how to pay for it all. And these days, widespread reports of abusive practices by student lenders and schools — putting their financial interests ahead of student borrowers — have left many families wondering how to get reliable information about one of the mainstays of college financing.
Student lending has always been a complex thicket of multiple, overlapping government and private programs — each with a variety of terms and conditions that make the average credit card application look like a middle-school spelling quiz.

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Student loans still pose plenty of pitfalls