Millions of student-loan borrowers risk being driven into a 'shadow' market of costly private lenders, a new report says

Source: Business Insider

President Donald Trump's federal student-loan repayment changes could drive borrowers toward risky private lending products. John Taggart/Bloomberg via Getty ImagesA new report said Trump's student-loan repayment changes could lead borrowers to riskier, subprime private loans. Traditional prime lenders would deny 40% of Americans due to low credit, the report saysFederal borrowers are expected to turn to private lending due to new borrowing caps on advanced degrees.

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