Student loan

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Occupy Boston activist Nelson Terry at the Occupy Wall Street event in New York protesting student loan debt, September 19, 2011

A student loan is designed to help students pay for university tuition, books, and living expenses. It may differ from other types of loans in that the interest rate may be substantially lower and the repayment schedule may be deferred while the student is still in education. It also differs in many countries in the strict laws regulating renegotiating and bankruptcy.

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