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Some lenders also offer loans to students attending trade school or community college. While reviewing the lender’s products, check the loan limits and the repayment term length.
Student loans can help fill funding gaps when paying for college.
Graduates from a high school in Connecticut in 2008. College admissions in the United States is the process of applying for undergraduate study at colleges or universities. [1] For students entering college directly after high school, the process typically begins in eleventh grade, with most applications submitted during twelfth grade. [2]
Federal Perkins Loan (Perkins Loan) Program: This is a school-based loan program for eligible students with exceptional financial need. Students may qualify for a Perkins Loan of up to $8,000 each year depending on financial need, the amount of other aid received, and the availability of funds at the school.
Low-income students often prefer grants and scholarships over loans because of their difficulty repaying them. In 2004, 88.5% of Pell Grant recipients who had bachelor's degrees graduated with student loan debt. After college, students struggle to break into a higher income bracket because of the loans they owe.
A new batch of high school graduates will be entering college this fall, excited about their new journey but potentially worried about how they will pay for it. And those fears are justified. After...
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