Education in the United States is considered one of the best in the world, attracting students from all corners of the globe.
However, the cost of higher education in the USA is significantly high, making it difficult for many students to afford tuition fees, living expenses, and other academic costs. To help students overcome this financial burden, study loans are a common solution. In this article, we will explore the various types of student loans available in the USA, their benefits, eligibility criteria, application process, repayment options, and tips for managing student loan debt effectively.
Types of Student Loans in the USA
There are two main categories of student loans in the USA: federal student loans and private student loans.