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 ?
Education loan is the most cost-effective means to fund education if one is unable to get a full scholarship.
29 May 2013 - US student loan firm SLM Corp (NASDAQ:SLM), also known as Sallie Mae, unveiled today a plan to separate its business into an education loan management firm and a consumer banking business, both of which will be listed.
The education loan management business, which will own some 95% of Sallie Maea[euro](tm)s existing assets, will include the companya[euro](tm)s portfolios of federally guaranteed (FFELP) and private education loans, as well as related servicing and collection activities.
Thiruvananthapuram: A middle-age man in Agali in Palakkad district attempted suicide by consuming poison in front of a public sector bank today, apparently to protest the denial of an education loan to his daughter.
Faisal Hamad Al Wahaibi, assistant general manager of retail banking at Bank Dhofar, said, "We are proud to offer our new education loan to parents and students.
With the reduction, an education loan of up to INR0.
19 -- "Credila's education loan approval before admission to the USA is the first ever in India
POLITICAL PRESSURE is forcing the banking industry to continue with its education loan programme despite the alarmingly high default rate -- currently at eight times that of other loans.
To address the issues raised in the mandate, their study was framed around three key questions: (1) What are the key characteristics of private education loan borrowers and the types of schools they attend?
Interest due and paid on a qualified education loan for qualified higher education expenses can be deducted (within limits) from adjusted gross income (AGI) (Sec.
Edamerica creates access to higher education by providing extraordinary education loan products to students, parents and schools.
The federal government currently operates two major financial aid programs: the Federal Family Education Loan, in which the government pays private lenders to provide loans; and the Direct Loan program, in which the government offers the loans directly to students.

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