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Student Loans
Loans offered to students to finance their education, which are typically repaid after the completion of the degree or program.
Principal
The initial amount of money borrowed in a loan or the amount of money invested, not including interest or profits.
Demand Loan
A type of loan where the lender can demand repayment at any time.
Simple Interest Rate
A fixed percentage of the principal amount that is paid as interest for the use of borrowed funds, calculated on an annual basis without compounding.
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