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Student loan
Student loans are available for students to
assist them in their higher education as well as professional
and technical education. The amount of money received under
student loans differ according to the courses opted for.
Different amounts may be awarded to students living with their
parents and students living away from home.
Student loan is a low interest loan. A
low interest student
loan aims to subsidise education so that more and
more students are able to complete higher education. Student
loans
are different from the regular loans in many aspects.
The first difference relates to the collateral.
Student loans do not always require collateral. Some lenders
demand a
guarantee from the guardian of the student that they will
pay off any balance of the student loan, if the student does
not
himself. However not all lenders demand such guarantee.
The next difference relates to the employment status of the
borrowers. The regular loans require the borrower to have
a
full time job or some source of income. Joblessness is
considered a case of bad credit. Students do
not have a full time job. However, in student loans they
are not considered
borrowers with bad credit.
The last difference relates to the repayment. Students do
not have to start repayments immediately from the date the
student
loan is taken. The repayments are made only after the student
completes his education and starts earning above £15000.
Fill up the loan application form below to
apply now for student loans.
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