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Concept
Federal Student Loan
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Summary
Federal Student Loans
are
Government-backed financial aid
provided to students to help cover the cost of
Higher Education
, offering benefits like
Fixed interest rates
and
Income-Driven Repayment Plans
. They are generally more favorable than
Private loans
due to their
Flexible terms
and
Borrower protections
, making them a
Crucial resource
for many students pursuing
Post-secondary Education
.
Concepts
Interest Rate
Income-Driven Repayment Plan
Loan Forgiveness
Subsidized Loan
Unsubsidized Loan
Financial Aid
Default
Deferment
Forbearance
Public Service Loan Forgiveness
Loan Consolidation
Relevant Degrees
Monetary System and Banking 50%
Higher Education and Academic Study 30%
Human Rights and Civil Liberties 20%
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