Student loans are a common way for students to finance their higher education. These loans, offered by both the federal government and private lenders, help cover tuition, fees, and living expenses. Repayment typically begins after graduation or when enrollment drops below a certain level, and interest accrues throughout the life of the loan. Understanding the different types of loans, interest rates, repayment options, and potential for loan forgiveness is crucial for students to make informed decisions about borrowing and managing their debt responsibly.
