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- An education loan, also called a student loan, is a sum of money borrowed to finance post-secondary education or higher education-related expenses12. 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 degree1. Student loans may be issued by the U.S. government or by private lenders2. You can usually take out student loans up to the school-certified cost of attendance2. Applying for federal student loans requires completing the Free Application for Federal Student Aid (FAFSA)2.Learn more:âś•This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.An education loan is a sum of money borrowed to finance post-secondary education or higher education-related expenses. 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.www.investopedia.com/terms/e/education-loan.asp
Key Takeaways
- An education loan is also called a student loan.
- Student loans may be issued by the U.S. government or by private lenders.
- You can usually take out student loans up to the school-certified cost of attendance.
www.thebalancemoney.com/what-are-education-lo… Manage Your Loans - U.S. Department of Education
Aug 29, 2024 · Information about how to manage loans taken out for higher education, including how to find a loan, make a payment, and apply for loan forgiveness.
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Dec 4, 2024 · Education loans are issued for the purpose of attending an accredited college or a university to pursue an academic degree. Education loans can be obtained from the government or through...
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