There is a blog on Student Loan Consolidation Lowdown where you can read up on loans taken by students and their experiences. Taking a loan to finance your tertiary studies has been commonly practiced. This way, even though the student may not afford the studies on her own and the parents can barely afford to send the kid to varsity, the study loan comes in handy like my case. After I have graduated, then only did I eventually pay back the loan with interests on a monthly basis for 3 whole years to completely return everything. Without a loan, I guess I would not be able to afford studying in the university.
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