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Concept
Student Loan
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Summary
Student Loans
are
Financial Instruments
designed to help individuals pay for
Post-secondary Education
and the associated costs, such as tuition, books, and
Living Expenses
. They typically require
Repayment with interest
after the student graduates or leaves school, making them a significant
Financial Commitment
that can impact one's
Financial Future
.
Concepts
Interest Rates
Loan Repayment
Financial Aid
Debt Management
Credit Score
Loan Forgiveness
Subsidized Loans
Unsubsidized Loans
Income-Driven Repayment
Default Risk
Need-based Scholarships
Direct Subsidized Loan
Unsubsidized Loan
Relevant Degrees
Higher Education and Academic Study 60%
Labor Market 40%
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