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What are some benefits of using student loans? When do you have to begin paying back these loans? What does it mean if your loans go into default?
College Loan Terms: Plain Good Deals So many people hate borrowing money and rightfully so! Every time you take out a loan, you are taking a serious risk and making a serious commitment. [ Unlike regular loans, student loans have special terms that make them easier to afford and a more reasonable commitment for young college students. Many college students are not exactly the ideal borrowers.
They often have little to no credit at all. Good News: student loans, particularly Federal loans, are great alternatives to standard loans. They offer low interest rates, interest-only or deferred payments while you’re in school, 6 month grace periods before repayment begins and lenient repayment plans that are unlike anything included with any other kind of loan. Click "Good" if satisfied with the response. ]
Expert answered|KeenResearcher|Points 474|
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Asked 10/14/2010 11:05:24 AM
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