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Download full textWilliams-Wyche, Shaun – Midwestern Higher Education Compact, 2019
Student loans can help fill cost gaps created by insufficient grants, scholarships, and family income in funding a postsecondary education. Whereas receipt of grant aid does not require repayment, student loans must be repaid with interest. Loans provide students with additional choices, such as living independently (instead of living with parents…
Descriptors: Student Loan Programs, Federal Programs, Credit (Finance), State Programs
