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What do loan companies consider when someone applies for a student loan?

If I already took out a $20,000 loan, and I would like to take out another $20,000 loan, would it be accepted by a Loan company such as Sallie Mae or Chase? What factors are considered? Are there any other loan companies to take a look at?

Public Comments

1. Your debt-to-income ratio is always a factor with loans. In addition, your credit score is a huge factor.