Top trainee Loans - 5 Things to Look for

Student Loans Australia - Top trainee Loans - 5 Things to Look for

Getting a student loan is a great way to finance your education, but not all student loans are created equal. Here are a few things to look out for.

Student Loans Australia

1. Check the repayment Schedule

When do you need to start repaying your student loan? Some student loans allow you to start repaying your debt 6 or even 12 months after graduation which gives you a nice buffer to find a job. Others want you to start paying the loan back as soon as you graduate and other don't even allow that long. Make sure you know exactly when you are unbelievable to start production payments on your student loan.

2. Interest Rate

It might seem confident but make sure you have a student loan with a reasonable rate of interest. If you are not sure, then compare the interest rate of the loan you are inspecting to any of the federal student loan schemes such as the Perkins loan or Stafford loan, as they commonly have quite reasonable interest rates. Don't pay too much for you loan as there are many loan providers out there and they are all contentious for your business.

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