Understanding Small Loans
Among federal loans, the commonest varieties include:
- Direct Subsidized Loans: Available to undergraduate students with financial want, these loans don't accrue curiosity while the borrower is in class.
- Direct Unsubsidized Loans: These loans are available to both undergraduate and graduate students and accrue interest from the time they're taken out.
- PLUS Loans: For dad and mom of dependent undergraduate students or graduate college students, these loans help cover the remaining prices of train
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