Category: Cash Advance

Why education loan financial obligation is not like other financial obligation

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Before we proceed to referring to financial obligation more generally speaking, it really is well worth very first clarifying that there is an impact between education loan debt (which means that your maintenance loan and tuition charge loan combined) along with other types of financial obligation.

Whilst it’s just normal that you would have the weight of graduating with a big swelling of debt over the head, usually the therapy of knowing you’ve got the financial obligation could be the hardest component.

This year, one in two of you told us you didn’t understand your student loan agreement in our National Student Money Survey. For the sake of your mental health, we think it’s worth clarifying a few things about why these loans are different whilst we would never describe student loans as a ‘good deal’ and we certainly don’t …