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Q: 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?
A: 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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Credibility is not one of the five C's of credit.
Added 3/17/2014 6:07:42 AM
This answer has been confirmed as correct and helpful.
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