![]() This student loan calculator can help you calculate your monthly and total cost of your student loans.įacebook CEO and Harvard dropout Mark Zuckerberg, center, greets graduating Harvard students as he. If you need to borrow a student loan, make sure you understand the "true cost" of your student loans. That minimum student or parental contribution can be met through loans. For example, some universities require a minimum student contribution or part-time employment while others require a parental contribution. "No student loans" does not necessarily mean that a college eliminates student loans from financial aid packages. "No student loans" financial aid packages generally seek to replace student loans with grants or scholarships that do not have to be repaid. In addition to free or reduced tuition, many colleges have instituted "no student loans" financial aid policies. The goal is to provide increased access to higher education for students regardless of their financial profile, and to limit the amount of student loan debt that a student has to borrow.Īccording to Make Lemonade, there are more than 44 million borrowers who collectively owe $1.5 trillion of student loans.
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