Student Loans 101 | The Basics Every Student Should Know | Money Instructor

Learn about student loans, distinguishing between federal and private options, and understanding repayment strategies. Gain knowledge on making informed decisions for education financing and avoiding potential pitfalls.

Understand the fundamentals of student loans, both federal and private, in this guide. Discover the differences between fixed and variable interest rates, as well as the ins and outs of the main federal loan types: Direct Subsidized, Direct Unsubsidized, and Direct PLUS loans. Includes tips on effective repayment strategies, including the standard 10-year plan and income-driven options. Delve into pitfalls and risks associated with student loans and understand why it's crucial to consider alternative education funding options. Learn to make informed decisions on borrowing for college and avoiding unnecessary financial burdens. Whether you're a student or a guardian, get an introduction to the tools to navigate the complexities of student loan borrowing and repayment.

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Money Instructor is the leading source for financial education and skills development. For over two decades, we have been assisting educators, students, parents, and others in teaching and learning about money skills, personal finance, money management, investing, business, and career development. We provide resources and tools to help teachers, parents, and institutions teach these crucial skills to young people. By doing so, we also aim to reinforce basic math, reading, vocabulary, and other fundamental skills that are essential for success in life.
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Money Instructor does not provide tax, legal or accounting advice. This material has been prepared for educational and informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors regarding your own situation. Although the information has been researched and vetted beforehand, it may not be current at the time of viewing.

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