A student loan is designed to help students pay for university tuition, books, and living expenses. It may differ from other types of loans in that the interest rate may be substantially lower and the repayment schedule may be deferred while the student is still in education. It also differs in many countries in the strict laws regulating renegotiating and bankruptcy.
Read more about Student Loan: Australia, United Kingdom, United States
Famous quotes containing the words student and/or loan:
“Adolescents have the right to be themselves. The fact that you were the belle of the ball, the captain of the lacrosse team, the president of your senior class, Phi Beta Kappa, or a political activist doesn’t mean that your teenager will be or should be the same....Likewise, the fact that you were a wallflower, uncoordinated, and a C student shouldn’t mean that you push your child to be everything you were not.”
—Laurence Steinberg (20th century)
“Slight was the thing I bought,
Small was the debt I thought,
Poor was the loan at best—
God! but the interest!”
—Paul Laurence Dunbar (1872–1906)