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  • Actual for You - Education Loans: Equal Opportunity with Unequal Costs

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    ckages. Loans seem to be the recourse of many parents and students for undergraduate and graduate studies.

    Under US law it is the parent’s primary responsibility to fund the education of the

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    Higher education in a land of equal opportunity is a dream for most students. Providing education to their children is what most parents’ strive to do. Ample job opportunities exist but these go only to the educated. Getting educated can prove costly and only push you further into debt.

    This is the reality of the education scenario in the states and in many parts of the world. Education is becoming costly due to increasing specializations, cost of laboratory and other equipment. Government is decreasing the subsidies and offering a solution: “easier loan facility”. The result is student debt trap. The US department of education loans provides the much needed succor to families that aspire to educate their children. Private education loans compete with many governmental packages. Loans seem to be the recourse of many parents and students for undergraduate and graduate studies.

    Under US law it is the parent’s primary responsibility to fund the education of the c

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    ly to the educated. Getting educated can prove costly and only push you further into debt.

    This is the reality of the education scenario in the states and in many parts of the world. Education is becoming costly due to increasing specializations, cost of laboratory and other equipment. Government is decreasing the subsidies and offering a solution: “easier loan facility”. The result is student debt trap. The US department of education loans provides the much needed succor to families that aspire to educate their children. Private education loans compete with many governmental packages. Loans seem to be the recourse of many parents and students for undergraduate and graduate studies.

    Under US law it is the parent’s primary responsibility to fund the education of the

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    n is becoming costly due to increasing specializations, cost of laboratory and other equipment. Government is decreasing the subsidies and offering a solution: “easier loan facility”. The result is student debt trap. The US department of education loans provides the much needed succor to families that aspire to educate their children. Private education loans compete with many governmental packages. Loans seem to be the recourse of many parents and students for undergraduate and graduate studies.

    Under US law it is the parent’s primary responsibility to fund the education of the

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    student debt trap. The US department of education loans provides the much needed succor to families that aspire to educate their children. Private education loans compete with many governmental packages. Loans seem to be the recourse of many parents and students for undergraduate and graduate studies.

    Under US law it is the parent’s primary responsibility to fund the education of the

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    ckages. Loans seem to be the recourse of many parents and students for undergraduate and graduate studies.

    Under US law it is the parent’s primary responsibility to fund the education of the children till the age of 24. Easier loans are offered by the U.S. Department of Education's Direct Loan Program. The Department of education provides funds for Stafford loans (for students) and PLUS loans (for parents). The Federal Family Education Loan program involves educational loans by Banks and private education loans as well. In addition to these loans for education other private loans are taken to provide for other needs; that increases the debt trap.

    Only those with money can afford studies and this is the lesson that families and students are learning. One in every five graduates has to change career plans due to student debt. The wages for students who work part time and pay for their education has also decreased. After borrowing money to pay off the education s

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