Student Loan

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Student Loan

A loan one uses to pay for postsecondary education. A parent, guardian or the student may take out a student loan. In the United States, the federal government subsidizes or guarantees some student loans to enable more people to attend college. Interest on student loans is also tax deductible in the United States. However, because universities in the United States are often so expensive, many students spend a significant portion of their income on student debt service.
References in periodicals archive ?
The education loan issue has been a sore point for banks and students in Kerala, with students and parents arguing that banks frequently turn a blind eye to education loan applications and banks taking the stance that repayment of education loans can often be problematic.
NS) has cut its interest rate on education loans by up to 1 percent.
The ministry has asked us for detailed data of various banks to assess the quantum of defaults on education loans," the official added.
Parents occasionally are required to cosign their child's education loans because of the student child's lack of credit history.
Mission Statement For over 50 years, Key Education Resources[R] has provided families with federal and private parent and student education loans, payment plans, planning tools, helpful advice, and exceptional customer service.
com, members can obtain information and apply online for products such as PLUS Loans for parents, Private Education Loans for undergraduate and graduate students and Federal and Private Consolidation loans for new graduates.
Since 1998, Collegiate Funding Services has facilitated the origination of over $20 billion in education loans and currently manages $12 billion in student loans for more than 460,000 borrowers.
13 /PRNewswire/ -- USA Funds(R) and Northwest Education Loan Association(R) (NELA), two nonprofit guarantors of federal education loans, have announced the completion of a precedent-setting affiliation that promises enhanced education-loan services for postsecondary institutions, students and parents in the Northwest.
221(d) defines this as a loan obtained to refinance other qualified education loans or to pay qualified higher education expenses (QHEEs) for an eligible student at an eligible educational institution.
Chase is the retail brand for education loans made by JP Morgan Chase & Co.

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