Student financing: university payment plans vs. Federal student loans
Financing college can be a major challenge for many students, especially those who choose to pursue higher education. The cost of tuition, room and board can quickly become a significant financial burden.
There are various options that can be used to finance studies, including payment plans and federal student loans. Universities offer payment plans to help students pay their tuition in installments, while federal student loans are provided by the federal government to help students cover their college expenses.