Student loans provides the necessary
funding for millions of collegians, parents, and higher-education
students each year. How do you put this popular type of
financial aid to work for you? What do you need to know?
Student loans are a debt obligation which must be repaid.
In recent years, money through student loans has been provided
as student loan financial aid rather than as grants.
Therefore, it is very likely that you will have student loans
to repay as part of your financial aid package to attend either
college or graduate school.
Even though you must repay loans, this type of funding is
often referred to as “student aid.” Most college
student loan financial aid offers long repayment terms, which
make it an attractive funding source. Make sure that you fully
understand your rights and responsibilities for borrowing
and repayment before accepting this important form of student
aid. Click here to view borrower’s
rights and responsibilities.
Available
Types Of School Loan Financial Aid For Students And
Parents |
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There are two basic categories of student loans for students
and parents: Federal student loan
and private student loan financial
aid. Specific types include:
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