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 ?
Although one in five people given student loans while attending College of the Canyons have defaulted on their repayment, the campus improved its status and thus remained eligible for the federal program.
NEW YORK, May 20 /PRNewswire/ -- State and local debt issuance to purchase student loans in the secondary market should continue unabated this year, especially if banks begin to liquidate student loan portfolios in reaction to proposals to revamp the federal student loan program, Fitch says.
The collateral in the trust consists of 100% Federal Family Education Loan Program (FFELP) student loans.
First Rate Consolidation Loans: Borrowers can lower their monthly student loan payments and simplify repayment by combining eligible federal student loans into one easy monthly payment.
The proceeds of the taxable student loan revenue notes will be used to purchase law student loans from Ameritrust Company National Association backed by federal and private guarantors.
com), a company dedicated to helping students and parents make sense of education financing choices, is the leading, online objective comparison resource available for student loans and student loan consolidation options.
These advantages make it possible for schools to process their student loans in the quickest, most flexible manner possible.
The series 2006 bonds are being issued to finance the origination and acquisition of Federal Family Education Loan Program (FFELP) student loans, make a deposit to the debt service reserve fund, and pay the cost of issuance.
The collateral will consist entirely of Federal Family Education Loan Program (FFELP) student loans.
Student loan origination and servicing capabilities now offered for Federal and Private Student Loans
The collateral in the trust consists of approximately 94% Federal Family Education Loan Program (FELP) student loans and approximately 6% private student loans.
025 billion from the sale of asset-backed securities, and expects to acquire private student loans with a principal and accrued interest balance of approximately $725 million, in a transaction that is expected to close later this week.

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