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According to a recent study by Key Education Resources, the financing arm of KeyCorp, 69 percent of students who live away from home and 66 percent of parents are surprised by how much money is eaten up by ancillary expenses like books, utilities, groceries, entertainment, cell phones, computer software, transportation and travel. However, a recent nationwide survey conducted by Key Education Resources showed that students and their parents are actually not prepared for the incidental costs that Key Education Resources will serve as the lender and marketer for this new product line, and will sell those student loans into a First Marblehead-arranged securitization. |
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