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 ?
This is where platforms providing education loans step in to make credit for young professionals and college students accessible and affordable.
The other firm will comprise Sallie Mae's private education loan origination and servicing businesses, including Sallie Mae Bank and the private education loans it currently holds.
The other firm will comprise Sallie Maea[euro](tm)s private education loan origination and servicing businesses, including Sallie Mae Bank and the private education loans it currently holds.
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.
Indian Students that plan on obtaining an education loan to fund their US studies face a typical "Chicken-Egg" syndrome every year: The US University requires proof of assured funds to confirm the admission and release the I20; Indian banks do not Approval or authorize education loans until the student has confirmed admission and received the I20.
The ministry has asked us for detailed data of various banks to assess the quantum of defaults on education loans," the official added.
While students have historically relied on federal loans and grants and family contributions to pay for college, a growing number have turned to private education loans to help them cover the cost.
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.
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.

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