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Published Dec 17, 2023
Spoken English Tips
By KKS
Education
5 Things About Federal Student Loans you must know if you are a student
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Photo Credit: Unsplash
Applying for federal student loans is simple. Just fill out the Free Application for Federal Student Aid (FAFSA) online—it's your key to financial aid.
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Photo Credit: Unsplash
Federal loans offer lower interest rates compared to many private loans. This helps keep your overall loan cost down.
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Photo Credit: Unsplash
You get to choose a repayment plan that suits your budget. Options include income-driven plans, making it easier to manage payments.
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Photo Credit: Unsplash
After graduation, you usually have a grace period before repayment begins. It gives you time to find a job and get financially settled.
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Photo Credit: Unsplash
Some jobs and professions qualify for loan forgiveness programs. Working in public service or certain non-profit organizations can lead to forgiveness after a set period of on-time payments.
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