Student Loans

Student loans are a type of financial aid designed to help students pay for post-secondary education. They cover expenses like tuition, books, and living costs. Loans can come from federal or private sources, with the major difference being interest rates and repayment terms. Federal student loans often have lower interest rates and more flexible repayment options. Repayment typically starts after a grace period following graduation, though some loans may accrue interest while the student is still in school. These loans play a key role in enabling access to higher education.