Education Loan

Filed Under »
Dictionary Says

Definition of 'Education Loan'

Money borrowed to finance education or school related expenses. Payments are often deferred while in school and for a six-month grace period after graduation. Sallie Mae is the largest source of education loans and handles the two major types, the Stafford loan and the Perkins loan. One of the major benefits of these types of loans is that they come with low interest rates and do not require collateral or a credit check.




Investopedia Says

Investopedia explains 'Education Loan'

Sallie Mae acts as a secondary market for student loans. The money from a Sallie Mae loan is not actually lent to the student or their parents by the government. Once the loan has been completed, the lender will then sell the loan back to Sallie Mae in order to free up their funds to help additional students.




Articles Of Interest

  1.

    Budgeting While You're In College

    Test your money management skills as you work your way through university.

  2. Can You Live A Debt-Free Life?

    Avoiding loans goes against the norm but it can be possible - and enjoyable.

  3. You CAN Afford To Study Abroad

    Before you jump on the plane, understand the rules and regulations in place. Then, enjoy your time studying aborad!

  4. All About Student Loans

    Student loans bridge the gap between college savings, scholarships and the part-time work.

  5. College Cost Reduction Act Helps Students Meet Payments

    This legislation can help families pay college costs and reduce student debt.

  6. Pay For A College Education With Retirement Funds

    These savings vehicles may be better than college saving funds for some families.

  7. Debunking 10 Budget Myths

    Don't let these excuses prevent you from reaching your financial goals.

  8. Common Liabilities That Hurt Your Net Worth

    Every penny that you keep out of the liability side of the net worth equation essentially ends up on the asset side.

  9. Who is eligible for student loan forgiveness?

    Your eligibility for student loan forgiveness depends on the type of student loan in question. If you have a federal Stafford loan, you may be able to get all or part of your loan forgiven through ...

  10. What New Student Loan Repayment Options Mean

    American college graduates are facing an increasing amount of student loan debt. There are new rules for repaying that debt. Here's what you need to know.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Yield Elbow

    The point on the yield curve indicating the year in which the economy's highest interest rates occur. The yield elbow is the peak of the yield curve, signifying where the highest interest rates occurred.

  2. Xenocurrency

    A currency that trades in markets outside of its domestic borders.

  3. Wanton Disregard

    A standard of severe negligence. Wanton disregard is a very serious accusation that indicates that a person behaved extremely recklessly.

  4. Ultra ETF

    A class of exchange-traded funds (ETF) that employs leverage in an effort to achieve double the return of a set benchmark.

  5. Toehold Purchase

    A purchase of less than 5% of a target company's outstanding stockmade by an acquiring company. A toehold purchase of just under 5%, while not a significant stake in a firm, allows the shareholders a "toe-holds" grip on the company and its decision making.

  6. Samurai Bond

    A yen-denominated bond issued in Tokyo by a non-Japanese company and subject to Japanese regulations.
Trading Center
http://sp.fastclick.net/ad/tr/10858-64082-15546-0?mpt=fb60f531304ced3d3eacc3fa19580127