Embedded Files
Word of the Week:
Definition: A student loan is money borrowed to pay for education. The two main types of loans are federal and private. Federal loans are typically less expensive and come with extra protections for borrowers.
Key Takeaway: Student loans are funds borrowed to pay for education.
Challenge: Are you aware of how much money you've taken out in loans? Get in touch with your SFS adviser so that you be aware and know how to prepare to make a repayment plan of action.
Fun Fact: If Americans' student loans were a country, they would be the 13th largest economy in the world with more than $1.5 trillion (roughly the size of Australia).
Watch the video below for another look at this concept.
Which of the 5 Types of Student Loans Is Right For You? (Great Lakes)
Page updated
Report abuse