To counter effect the burgeoning cost of contemporary studies 'Student loan employed' have come up as saving grace students by funding their education. Student loans can also supplement scholarships, grants and personal savings.
Types of student loans
1. Government Student Loans - These are issued by the Department of Education itself with very low interest. Students have to repay it once they finish their education course. The amount is decided by lender. 2. Parent Student Loans - These are issued to the parents of dependent students. So the parent has to make the repayments after completion of his/her child's study. 3. Private Student Loans - These are issued by private institutions with high interest rates which have to be repaid after completion of course. 4. Other Loans - These are grants and scholarship.
Private student loans are almost equal to government loan with bit high interest rates. It's beneficial to international students as they can acquire this student loan with the help of Co-signer.
Types of student loans
1. Government Student Loans - These are issued by the Department of Education itself with very low interest. Students have to repay it once they finish their education course. The amount is decided by lender. 2. Parent Student Loans - These are issued to the parents of dependent students. So the parent has to make the repayments after completion of his/her child's study. 3. Private Student Loans - These are issued by private institutions with high interest rates which have to be repaid after completion of course. 4. Other Loans - These are grants and scholarship.
Private student loans are almost equal to government loan with bit high interest rates. It's beneficial to international students as they can acquire this student loan with the help of Co-signer.
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