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It took about 15 minutes to get approval for the five-figure loan. He and Chadd, 27, took out a loan to cover costs. The process itself was “shockingly easy,” he said. “Neither of us talked to a.

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While federal student loans are easy to get approved for, private student loans have different standards. private student loans are issued by banks and other lenders without any assistance from the federal government. This means that they have their own standards when it comes to approving people for loans.

Lam said she did voice her frustrations during the private meeting but also explained that quitting was an easy way out for her amid the prolonged. of a 2.5 billion euro ($2.74 billion) loan it.