1- Private school loans have less interst to pay than state univeristy and is wider abailability.
2- So they can pay off the debt faster with a college degree. If they drop out they have limited ability to pay it off.
3- Beginning July 1, 2008, the TEACH Grant program will provide up to $4,000 a year in grant aid to undergraduate and graduate students and students enrolled in a post-baccalaureate teacher credential program, or current or prospective teachers. Eligible undergraduate and post-baccalaureate students may not receive more than $16,000 and graduate students may receive no more than $8,000 in total TEACH Grants.
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