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?The time leading up to school is a busy the one which has some very complicated things going on. Fastest Way To Pay Off Student Loan Who Can Benefit from These Loans? ?A Short Introduction to Debt Consolidation In reality a student loan from the government could possibly be your best bet, as you can obtain an improved interest rate. Private loans, also known as alternative or private student loans, are offering a growing number of school students with much-needed education funds to cover college-related expenses that might not exactly be covered by award caps, Federal student loans, grants.