Public Student Loans

Public Student Loans

2 min read


Public student loans should be paid back so that many Americans who really need financing to go to school have access to some funds out of their paychecks and they pay off these loans rather than leaving them to accumulate interest while accumulating even more principal through default parts of their lives.

In the first video we talk about how those private student loan companies make money off of US taxpayers – public students.

Public Student Loans

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We feel proud to present some public student loan collections for your pleasure. These are real people who have educated themselves in

Public Student Loans

The Public Service Loan Forgiveness program was created in 2007. Eligible borrowers have their loans forgiven after 120 payments if they work at least 10 years providing public service like teaching, social services, nursing, fire fighting, etc. Borrowers may borrow between $0-15K per year depending on income level. Most students graduate debt free and some receive forgiveness after working only 5 years.

Public Student Loans

Federal Loans

Students may borrow money from federal government agencies via direct loans, which are offered at low rates, or indirect loans, which require students to pay private lenders a higher rate. Direct loans offer lower rates than indirect loans, but they have stricter guidelines for eligibility. 2. Private Loans

Private student loans are loans given out by banks, credit unions, or other private institutions. These loan programs tend to have competitive interest rates, but some private lenders charge high fees.

State Grants

State grants can help defray the costs of tuition for students who live in states where school funding is relatively adequate. In cases where state appropriations are inadequate, however, students could receive additional assistance from outside organizations.

Scholarships & Financial Aid

Scholarships and aid can be helpful in covering educational expenses, especially when combined with private loans. Not only does receiving scholarships help offset the cost of education, but it helps ease the burden on student borrowers and makes paying back loans less stressful. However, scholarships are not always available, and many students end up having to take out private loans anyway.


Student debtors who declare bankruptcy often lose access to some or all of the federally subsidized loans. If these loans were included in the bankruptcy filing, then the borrower would no longer be able to use them.

Public Student Loans

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In this episode we discuss how public student loans have changed over time and how they work. Learn where students should look for scholarships, what factors determine whether student loan debt gets discharged, tips for paying off student loans, and more.

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Loans For Students