A subsidized loan allows a borrower to borrow an amount up to the cost of attendance, minus other aids or benefits received by the person.
What is a subsidized loan?
A student loan, the facility of which is available only for students, allowing them to borrow any amount up to the cost of their attendance after subtracting the financial aids received, is known as a subsidized loan.
Hence, the significance of a subsidized loan is aforementioned.
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