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Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (September 2009).A student loan is designed to help students pay for university tuition, books, and living expenses. It differs from other types of loans in that the interest rate is substantially lower and the repayment schedule is deferred while the student is still in education. Before accepting any kind of student loan one should be familiar with its basic attributes.
