The government may offer loans up to a certain amount to cover tuition fees and other education expenses. This amount may vary depending on the course of study and the type of institution.
The government may offer subsidized interest rates on education loans, making them more affordable for students.
The government may offer extended repayment periods for education loans, allowing graduates more time to find employment and start repaying their loans.
The government may offer income-driven repayment plans for education loans, which tie the monthly repayment amount to the borrower's income.
The government may offer loan forgiveness programs for education loans, which forgive a portion or all of the borrower's debt after they meet certain criteria, such as working in a public service job for a certain number of years.
The government may offer tax benefits for borrowers who are repaying education loans. These benefits may include deductions for interest paid on the loan or tax credits for loan repayments.
The government may not require students to have a cosigner in order to qualify for an education loan. This can make it easier for students from low-income families to get the loans they need.
The government may allow borrowers to defer repayment of their education loans while they are enrolled at least half-time in school.
The government may offer forbearance options for borrowers who are experiencing financial hardship. Forbearance allows borrowers to temporarily suspend or reduce their loan payments.
The government may offer counseling and other services to help borrowers avoid defaulting on their education loans.