Definition Of Student Loan. Best student loans Best private student loans Best student refinance lenders., A loan available to (undergraduate) students, typically one funded or administered by the State., A student loan is designed to help students pay for university tuition, books, and living expenses.
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In addition to commercial and private student loans which are funded by banks, credit unions and other types of lenders, the most common student loans are those owned by the federal government. It may differ from other types of loans in that the interest rate may be substantially lower and the repayment schedule may be deferred while the student is still in education. If you have a strong credit profile and income, you may qualify for a lower interest rate, which could potentially save you thousands or tens. Find definitions to common terms for financial aid and student loans with a financial aid glossary provided by Discover Student Loans. Definitions of student loan words. countable noun student loan A student loan is a government loan that is available to students at a college or university in student loan popularity.
See how to use student loans to pay for college or graduate school.
In addition to commercial and private student loans which are funded by banks, credit unions and other types of lenders, the most common student loans are those owned by the federal government. Federal student loans are loans that are made by the U.
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You can also add a definition of student loan yourself.,Student loan definition is - a loan that is used to pay for a student's education.,Education loans are intended to cover the cost of tuition, books and supplies, and living expenses while the borrower is in the process of pursuing a degree.
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