NEWSLETTERS
A student loan is a type of financing designed to help students and their families cover the cost of higher education, including tuition, fees, books, and living expenses. These loans can be issued by the federal government or private lenders, with federal loans typically offering lower interest rates, flexible repayment options, and borrower protections. Private student loans, on the other hand, are based on creditworthiness and may have higher interest rates and fewer benefits. Repayment usually begins after graduation, though some loans offer deferment or income-driven repayment plans. While student loans provide access to education, it’s crucial to borrow responsibly and understand the long-term financial commitment involved.