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Student loans are loans offered to students to assist in payment of the costs of higher education. These loans usually have lower interests than other loans, and are usually issued by the federal government. Student loans are often supplemented by student grants which do not have to be repaid. There are a variety of student loans a student or even a parent can choose from. All a student and/or parent has to do is fill out a FAFSA form and the federal government will decide how much of a loan they can give you based on your financial need, hours of college enrollment, and/or how far away you live from the college or university.

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