Defination of Student Loan
Among loans a student loan is formulated and designed to
help students pay for study expenditures like university tuition fees, books
purchasing, and living expenses of the students.
Though this is also a Loan but It may differ from other types of loans in that the interest rate or any other extra charges may be substantially lower
lesser and the repayment method or schedule may be deferred
while the student is still in education field. It also differs in many areas of the world, countries in the strict laws regulating renegotiating and bankruptcy are prevailing.
Though this is also a Loan but It may differ from other types of loans in that the interest rate or any other extra charges may be substantially lower
lesser and the repayment method or schedule may be deferred
while the student is still in education field. It also differs in many areas of the world, countries in the strict laws regulating renegotiating and bankruptcy are prevailing.
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