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Personal education loan amount grows whenever federal education loan limitations stay stagnant.

Personal education loan amount expanded way more quickly than federal education loan amount through mid-2008, to some extent because aggregate loan limitations in the Stafford loan stayed unchanged from 1992 to 2008. ( The introduction of the Grad PLUS loan on July 1, 2006 plus the increases when you look at the yearly however aggregate restrictions had merely an impact that is modest the development of personal student loan amount. The subprime mortgage credit crisis [...]

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