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 ?
offers its credit union partners a simple and cost-effective way to give their members private student loans, Passione said.
NEW YORK -- Fitch Ratings has affirmed the rating on the Vermont Student Assistance Corporation (VSAC) Senior Series 2010A-1, which are backed by collateral comprised of private student loans.
For credit unions offering private student loans, opportunity is the one common word they are all shouting.
NEW YORK -- Fitch Ratings believes the introduction of fixed-rate private student loans represents a competitively priced, privately financed option for students.
The majority of private student loans have been underwritten by large banks and Sallie Mae.
NEW YORK -- Fitch Ratings views legislation in Washington aimed at making private student loans dischargeable in bankruptcy as a negative for lenders heavily concentrated in that product.
We're ecstatic that BECU and Suncoast Schools have made the decision to offer private student loans through Student Choice network," said Scott Patterson, executive vice president of CU Student Choice.
The collateral supporting the SLC Private Student Loan Trust 2006-A and 2009-A notes consists entirely of private student loans originated, serviced and administered by Citibank N.
As students and parents look to fund the gap between government-sponsored lending and the rising cost of higher education, the demand for private student loans continues to grow," said Jim McCormack, president/ CEO of PCUA.
31, 2010, Discover Financial Services acquired SLC and its servicing operations for private student loans.
Since several key details have yet to be determined, Fitch has placed the notes backed by private student loans on Negative Watch.
The private student loans are intended to assist individuals in financing their undergraduate or graduate education beyond what the FFELP affords.

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