My cousin's teacher, Mr. Woodstuck advised my aunt and uncle to purchase a private student loan for my cousin. Mr. Woodstuck said that the rates of alternative student loan is much lower than availing a student loan or lending the money from the banks. He also said that it covers all the important expenses of the student such as his lodging, food, books and tuition fees. In some student loans, they only covered the tuition fee and the books. They leave the everyday expenses in the hands of the parents.
