How Do Student Loans Actually Work?

Описание: Navigating the world of student loans can feel overwhelming, but understanding how they work is a critical step for anyone considering higher education. This video aims to demystify the core mechanics of student loans, making them accessible and clear for every student and parent.

In this essential guide, you'll uncover:
► The fundamental differences between federal and private student loans.
► Key terms like interest rates, principal, and loan origination fees, and how they impact your borrowing.
► An explanation of how interest accrues over time and affects your total repayment amount.
► The various repayment plans available and what happens after you graduate.
► Important tips for minimizing your debt and managing your student loans effectively.


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