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Federal limits on some student borrowing may push more borrowers to private loans
The shift comes after new federal restrictions took effect this summer, tightening access to certain forms of borrowing for tuition costs.
MarketWatch reports that new limits on certain federal student-loan borrowing, implemented this summer, are expected to lead more students to rely on private loans to help pay for tuition.
The outlet notes that lending experts anticipate the change could increase demand for private lending as students look for additional ways to cover education expenses after federal options tighten.
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