Everyone knows that college costs are soaring. So it's taking more and more money to send a student to college. That money has to come from somewhere.
The Vital Role of Private Student Loans
Although alternative loans are one of the smaller segments of the student loan market, they are growing at the fastest rate. Family income is rising, but it is not keeping pace with tuition increases. So there's a gap. And that gap is growing. Neither governmental loan funds or grants, nor aid provided by educational institutions themselves is filling the gap. Private student loans are. And they will continue to do so.
