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What are two of the main challenges to the implementation of effective policy?
Federal Loans
Government-issued loans intended to cover education costs for students, typically coming with fixed interest rates and specific repayment terms.
Credit Card Responsibility and Disclosure Act
U.S. federal legislation aimed at protecting consumers by making credit card agreements more transparent and limiting certain fees and interest rates.
Independent Income
Earnings obtained from sources other than traditional employment, such as investments, royalties, or business ventures, providing financial autonomy.
Co-signer
An individual who agrees to be equally responsible for repaying a loan or debt if the primary borrower fails to make payments.
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