Answer:
student loans
Explanation:
they are intended to make the cost manageable by helping to pay for qualified educational expenses
A consumer loan is meant to help people pay for college tuition and other education expenses is a Student Loan.
Tuition, accommodation, transportation, books, supplies, service fees, and other costs may all be covered by student loans. Additionally, the loan might pay for furniture like computers or essentials for a dorm room.
Private student loans, which are not provided by the federal government, are provided by banks, credit unions, state loan programs, and other financial entities. When all other options for financing your education have been exhausted and you have borrowed the maximum amount permitted under federal student loan regulations, you may be eligible for a private student loan.
All loan monies must be spent for your educational expenditures, according to the Office of Federal Student Aid at the Department of Education. Tuition and fees, books and supplies, and daily living expenses are all included in the cost of education.
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