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.
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References in periodicals archive ?
In the first-quarter 2017, the company expanded its private education loan portfolio 29% to USD 15.5bn, increased its net interest income 28% to USD 268m, increased its diluted earnings per share 43% to USD 0.20, all compared with the first quarter of 2016, and originated USD 1.8bn in private education loans in the period.
The higher the interest rates on your existing education loans and the higher your credit score, the more it may make sense for you to refinance with a private lender.
Mumbai, India, June 19, 2014 --(PR.com)-- Avanse Financial Services, a non banking finance company (NBFC) is aiming payout of 250 crore education loans in the 2014-15 financial year.
A report by EspE[degrees]rito Santo Securities reveals that education loans grew 35 per cent annually between 2004 and 2012.
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.
Workers' Credit Union announced that it has partnered with six other credit unions to provide private education loans to students of ITT Technical Institutes.
The rates affect Pell Grants, Academic Competitiveness Grants, Perkins Loans, Work-Study, Federal Supplemental Educational Opportunity Grants, Federal Family Education Loans and Direct Loans.
For over 50 years, Key Education Resources[R] has provided families federal and private parent and student education loans, payment plans, planning tools, helpful advice, and exceptional customer service.
221 (a) provides that individuals may deduct interest paid during the tax year on qualified education loans. Sec.
Recently, Auxilo Finserve has launched special loans for dependants of Indian Defence Forces at zero percent processing fees, and introduced unique Swift education loans within 24 hours for all students opting for higher learning in overseas or domestic institutions.

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