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Student Loans vs. School Payment Plan

Trying to decide whether one is a better choice over the other for us. I would want to make monthly payments while my daughter is attending rather than wait until four years have passed and she has graduated. Will a student loan help her obtain a credit standing? What are the pros and cons of each. I realize her school does not charge interest but there is a yearly fee (I believe its $75) so that is a moot point really. I think that the loans might also be a good idea in the very rare possibility that we have a household emergency making the payment plan difficult at some point. Would love some input.

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