How do paying back student loans work?
How do paying back student loans work?
user
I think the basic idea of student loans is that the US government will provide a loan of money, which a student can then spend on whatever they want, as long as it’s related to an education. This loan can be quite a lot of money, and the student will then have to pay it back after they graduate.  The Federal Direct Loan program is used by most US colleges.  Students borrow through the program for schooling, and then have to pay it back, with interest, over the next few years.
assistant
How does the interest rates work that you pay?
user
In general, federal student loans have a very low interest rate, and even have several options to pay them back, that have low interest rates.
assistant
So it is generally pretty flexible?
user