Loans are considered part of the family’s investment during the an excellent student’s studies and become the fresh student’s and you can/or family members’ obligations to manage and you may pay-off since the college student graduates.
Fund may come out-of government or personal lenders. They must be paid down having interest and, oftentimes, is extra fees to discover the loan.
USC participates throughout the Direct Financing Program, which offers lowest-attract, federally backed loans to student and graduate college students. Loans is considering your financial you need (need-based) or on your overall cost regarding attendance (credit-based).
*Financing Revelation: Federal student education loans are essential legally to include a variety off versatile cost selection, along with, yet not limited by, Income-Centered Payment and you may Money-Contingent Cost arrangements, and you may financing forgiveness masters, and this almost every other college loans are not expected to offer.