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Even after changes in the student loan system in 2010, private student loan companies advertise their services with no Federal Application for Student Aid (FAFSA) required since they are no longer part of the government system.
Even after changes in the student loan system in 2010, private student loan companies advertise their services with no Federal Application for Student Aid (FAFSA) required since they are no longer part of the government system.

Source: PrivateStudentLoans.com advertisement

New Zealand's Student Loan system, from its Ministry of Education.
New Zealand's Student Loan system, from its Ministry of Education.

Source: New Zealand Ministry of Education

President Barack Obama signing the Healthcare Bill with the new student loan provisions. Secretary of Education Arne Duncan and Speaker Nancy Pelosi join him, March 2010
President Barack Obama signing the Healthcare Bill with the new student loan provisions. Secretary of Education Arne Duncan and Speaker Nancy Pelosi join him, March 2010

Source: U.S. Department of Education

Some companies, like Chase Bank, use the recent publicity of student loans to help push their own private student loans
Some companies, like Chase Bank, use the recent publicity of student loans to help push their own private student loans

Source: Chase Advertisement.

Some private student loan companies are now advertising that the federal government will not cover all the costs, and that private loans remain indispensable for students to afford higher education.
Some private student loan companies are now advertising that the federal government will not cover all the costs, and that private loans remain indispensable for students to afford higher education.

Source: Advertisement

Students at a seminar at Ohio State University
Students at a seminar at Ohio State University

Source: Goldberg Center, OSU

The Sallie Mae logo. Sallie Mae, once the biggest player in the student loan market under the federal guarantee system, still plans on offering loans and other financial services to schools and students
The Sallie Mae logo. Sallie Mae, once the biggest player in the student loan market under the federal guarantee system, still plans on offering loans and other financial services to schools and students
Tyson Hunter owes $152,000 in Student Loans after four years at Boston University and now earns $40,000. September 2008
Tyson Hunter owes $152,000 in Student Loans after four years at Boston University and now earns $40,000. September 2008

Source: Christian Science Monitor