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Student Loan: What is it and How does it work

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Photo: brookings.eduLike it sounds, student loans are loans students take out to help pay for school to be paid back later in the future.

It is pretty much like any other loan, except that it has some unique attributes. These attributes and other distinctions will be discussed below.While a loan differs from collecting money from your parents or your best bud.

There are some things you need to factor in before deciding which type of loan you would consider. These factors are as follows:The interest rate is probably the most important factor when deciding the tune of your loan and the type of loan you would be taking.

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