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Student loans are a smart source of financing for school because you only pay part of the interest charges and the rest is subsidized by the lender.

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What Is Consumer Debt?

Consumer debt consists of personal debts that are owed as a result of purchasing goods that are used for individual or household consumption. Credit card debt, student loans, auto loans, mortgages, and payday loans are all examples of consumer debt.
 


Student loans are a smart source of financing for school because you only pay part of the interest charges and the rest is subsidized by the lender.






 
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