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10. Private student loans may be a financially sound option when You need extra money for items you like to have but don't necessarily need.

10. Private student loans may be a financially sound option when

You need extra money for items you like to have but don't necessarily need.
The application process is quick and easy.
Other aid and financial resources don't cover the complete cost of attendance.
You need to borrow significantly more than you think you can earn in your chosen career.

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