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Types of Student Loans
Once you have explored the alternatives to student loans, you might decide that a loan is the way to go. There are numerous kinds of student loans:
- student bank loan
- government loans, see American government student loan and Canadian government student loan
- alternative loans
You can get alternative loans from alumni organizations, corporations, or organizations.
You can often get loaned money for specific purposes: in Quebec, you can get money to purchase a computer. See if your state or province offers specialized loans for student equipment, or if they offer grant money. If you are doing a semester abroad, there will be different funds to which you can apply for bursaries or loans.
If you already have a student loan, you will want to consolidate your student loan .
Remember: no matter where you get a student loan from, you will still have to pay it back, generally with interest. Spend your money wisely now to prevent panic surrounding repayment later.
