Disadvantages Of Student Loan

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Many student lenders and financial aid institutions can now tell you that as a borrower you now more often than not have a number of options that can help you pay off your student loan easily enough. In fact a student loan debt is in general far more flexible than all the other types of debt. Most Federal student loan programs usually offer extended repayment periods. This can lower your monthly costs. However, it must be known that the longer that your loan term is, the higher your overall cost of loan will be. Federal student loans also give you the ability to postpone your payments or even pay less than the entire amount that you owe. This is to protect the borrower in the event of his becoming unemployed or suffering any unforeseen financial