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03/05/2009

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The problem is that some of these schools -- particularly the flight training ones don't participate in the federal loan programs. Private loan providers are not as forgiving!

Isn't that the truth. Based on my own circumstances I can pretty much say that private lenders, like Sallie Mae, are pretty darn horrible when it comes to treatment of debtors.

I attended a private accredited institution that participated in federal loan programs, but you needed money beyond that in order to foot the bill. I doubt if it closed that Sallie Mae, who they pushed, would forgive any of the debt.

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