Monday, July 16, 2007

Student Loan


Considered "good debt" to those who acquire it, student loans are most often disbursed to students through the Federal Direct Loan program as well as the Perkins Loan program. The federal government is responsible for the funding of the Direct Loans; repayment from former students allows the workings of the Perkins Loans. Student loans allow individuals to finance their education and wait to pay back these payments till after they graduate. They are exempt from any bankruptcy dealings as well.

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