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Article updated to reflect the latest interest rate information.
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The rate of interest of these loans is lesser than the rate of other kinds of loans. Also, they can get money to meet their other expenses such as books, travel, accommodation and more.
Also, their other terms and conditions are very simple so that students may benefit from them without any problem. Even though the rate of Capital One student loan is higher than the federal student loans, they are certainly a great alternative for the ones who exhaust all their financial aid.
Student loan debt is a consequence of attending college however it can be manageable.
Make the process of paying for school less painful by learning about the different types of student loans available.
Federal student loans can often be obtained by students with bad credit, as they do not require a credit check.