Are Student Loans interest free and where does the Loan come from, University or a Bank?
None of these answers are correct. Assuming you are talking about US student loans (can’t help with Canadian or English student loans), there are some differences based on what types of loans we are talking about. There are federal guaranteed student loans. These loans are guaranteed by the government. Depending on the school, they can be Direct Loans (directly from the government) or FFELP loans (offered through a bank but guaranteed and subsidized by the government). But they are all federal guaranteed student loans and all students, regardless of income or credit, as long as they’ve filed a FAFSA and have not defaulted on a previous student loan, are eligible for these loans with at least half time enrollment. The loans are fixed rate and have an annual maximum based on your grade level. Repayment begins six months after you cease to be enrolled at least half time. The loans can be forgiven if you work in certain careers. They can be discharged if you become disabled or die. No cosi
