Loans
Loans are money that must be repaid after graduation or leaving school. Student loans have lower interest rates than commercial loans.
Nearly half of all student aid funds are in the form of loans. The important thing is not to borrow more than you really need. Remember that loans eventually have to be repaid, with interest. Also keep in mind that you may need to borrow for each year of your education or training.
Still, don’t be afraid to borrow. Your education should increase your earning power and make it easier for you to repay your loans.
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