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/sci/ - Science & Math

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4908801 No.4908801[DELETED]  [Reply] [Original]

Hiho!
I've got a question concerning student loans in the us.

Is the following statement from wikipedia correct?
"Most college students in the United States qualify for federal student loans. Students can borrow the same amount of money, at the same price, regardless of their own income or their parents income, regardless of their expected future income, regardless of their credit history. Only students who have defaulted on federal student loans or have been convicted of drug offenses are excluded."

And what does "most" mean in this context?
http://en.wikipedia.org/wiki/Student_loan


picture not related: thug life.

>> No.4908814
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4908814

>>4908801
>most
No drug convictions

>Students can borrow the same amount of money, at the same price...
Loans will be at the same % interest.
However, there are 2 different loan types, each at a different rate. Your household income and the income of your parents(age depending) will affect how much of your loans qualify for the lower interest rate.

>> No.4908857

>>4908814

> most

I believe it's not enough to be "in" the US, but you have to hold citizenship as well.