In 2003–04, more than half (56 percent) of
undergraduate students with private loans borrowed the maximum amount
allowable through the federal Stafford loan program and another 21
percent borrowed less than the annual maximum. However, more than 20
percent of students who were likely eligible for a Stafford loan did not
take advantage of this option at all, according to a new ACE analysis. . . .
Excerpted from the winter 2008 issue of The
Presidency. To subscribe to the magazine, please call (301) 632-6757,
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