STUDENT LOANS In addition to grants, you can apply for a student loan that will help you pay for your college education. Student loans were devised by the Federal government to help people pay for their college education. Each year, a certain amount of money is awarded to students each semester that goes directly to the college. This amount can sometimes cover most of the tuition costs depending the amount that the college charges each semester. For each year that you stay in school, the more money you are eligible for. This means that even if you change schools, you are still eligible for student loans.
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