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Student Loan
Term category: College Finance
In 10 words or less:  A loan by the government or a bank for educational expenses.

Definition: A loan originated by the government or a private bank for educational expenses.

Advice: Federal student loans are far superior to private student loans because they offer far lower interest rates.  If you take out a lot of loans to pay for your education, this lower interest rate will save you thousands of dollars in the long run.

 

 

 

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