How Do Student Loans Work?

Here's how student loans work:

Transportation costs, like gas or public transit passes

Keep in mind that the lowest interest rates are available to borrowers with the strongest credit scores. The lower your credit score, the higher your interest rate will generally be.Federal student loans have some of the friendliest repayment terms. These types of loans also offer a six-month grace period. This means you’re not obligated to start paying your loan back until six months after graduation.

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