The strength of the United States is not the gold at Fort Knox or the weapons of mass destruction that we have, but the sum total of the education and the character of our people – Claiborne Pell
Education loan is perhaps the most noble loans of all considering that the loan is going to create and grow a student into a responsible future citizen who can contribute to the society in a big way.
American college graduates have earned $1million more than high school graduates during their entire career. This simple statistic is enough to underline the significance of education. What one must not forget, in the brouhaha of course, is that college education is quite an investment in ones future even after considering the huge expenses involved.
Where and How of Education Loan in America
The Federal Government has various student aid and loan programs, to help pay for both undergraduate and graduate education, which it helps get at low rate of interests. Here are some of them.
1. Federal Perkins Loan: This is a low interest loan (5%) and the school is the lender to which you payback. Maximum amount you can draw as an undergraduate is $4000 per...
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