The United States gives financial aid to its students to help them achieve higher education, referred to as Student loans.
Among 48 million borrowers receive about $1.75 trillion in loans. Graduate schools will get about half of the student loans.
1. Direct subsidized loans. 2. Direct unsubsidized loans. 3. Direct PLUS loans. 4. Direct consolidation loans.
Four types of loans :
The federal government, private sources such as a bank/financial institution, or other organizations provide the loan.
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