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Do you mean interest free forever, or while in college? Also, if I may ask, how much of a typical student loan goes to tuition fees? I think interest free stud
by semi-extrinsic 11y ago
Do you mean interest free forever, or while in college?
Also, if I may ask, how much of a typical student loan goes to tuition fees? I think interest free student loans to pay for the cost of living while in college is a good system.
- toomanybeersies 11y agoInterest free forever, except if you leave the country. There are minimum repayments, which are skimmed from your paycheck. About $7000 a year goes to tuition, and about the same on living costs. The government also has a means-tested student allowance, which is based on your parents income, which I'm not eligible for, but replaces the living costs loan (which is a bit bullshit).