Covering the business of education and training

College has to be paid for...and not just tuition and lab fees...but also textbooks, training trips, dorm and living expenses and trips home and such as well.

More and more, students and parents are turning to private loans to pay for college costs.

Here are seven reasons why:

1. It costs too cotton picking too much these days.

2. Grants and savings won't cover everything.

3. Federal Stafford loan limits are not high enough.

4. To attend a private institution - for-profit colleges cost more.

5. To attend more classes and work less while enrolled - summer school, night school, intensive classes and such.

6. Private lenders are making it easier and more desirable.

7. Private loans can be secured with desirable interest rates, repayment stucture and fees.

Private loans may carry a variable interest rate as opposed to 7.9-8.5% for PLUs loans and 6.8% for Stafford loans, but when the latter are not available, the former most always are.

Can't pay for college? Your bank is waiting to help out.

What do you think?