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College students return to campus this week. Many of them argue -- and some even convince their parents and student loan officers -- that living off-campus is cheaper than living in the college dorms.
Student loans may be discharged through bankruptcy, but this is difficult. [2] Research shows that access to student loans increases credit-constrained students' degree completion, later-life earnings, and student loan repayment while having no impact on overall debt. [3]
For off-campus housing – the expense is allowed up to the amount allowed for on-campus room and board, as determined by the school, that was included in the cost of attendance (for federal financial aid purposes) for a particular academic period and living arrangement of the student. [1] 529 plan qualified expenses for off-campus housing are ...
An education loan is a loan taken out by the student (or parent) to pay for educational expenses. Unlike scholarships and grants, this money must be repaid with interest. Educational loan options include federal student loans, federal parent loans, private loans, and consolidation loans.
Here’s what they pay to live off campus in southern college towns and how it compares to the national median rent of $1,480. Barbara Corcoran: Housing Prices ‘Are Going To Go Through The Roof ...
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