Reported 1 day ago
Institutional loans are a type of non-federal financial aid provided by colleges and universities for their students, typically used to cover costs not met by federal aid. They vary in terms, interest rates, and repayment conditions depending on the institution. While they can be more affordable and may not require credit checks, they lack federal benefits like income-driven repayment plans, making it crucial for students to understand the specific terms before borrowing.
Source: YAHOO