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Oct
18

Is it true that taking out a private student loan decreases the amount of federal loans you can take?

Financial Aid

  
federal student loan
mb20and151 asked:

I am starting a very intense where they reccommend we don’t work for the last 12-15 months of our schooling. For this reason, I am planning on utilizing and loans.

This morning, I spoke with the at my school. They told me not to take out a because it will reduce the amount I can get from the federal loan. What’s up with that?

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