What are the things I should know about education loan?
Education loans can be a lifesaver for students pursuing higher education, but there are a few key things I should know before diving in. Firstly, I must be aware of the interest rates and repayment terms to ensure I can manage the debt after graduation. Secondly, I should explore various loan options, such as federal or private loans, to find the one best suited for my needs. Additionally, it's crucial to only borrow what I truly need, as this will help reduce my financial burden in the long run. Lastly, I need to remember that loans are a significant responsibility and should be considered carefully before making a commitment.
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