How does a student loan work? What do the different steps look like throughout the life of a student loan? Did you know that about 44 million Americans share over $1.4 trillion in student loan debt? That's a lot of money! But how many of us actually know what happens from start to finish when you're utilizing loans to finish your education?
The main goal of our corporate blog is to educate our customers on the topics applicable to them such as cars, personal finance, and debt. A large portion of our customers have some sort of student loan debt, so we did some digging and found a great infographic created by the New York Times describing the life of a student loan step-by-step. Check it out below to find out where you stand in the process and what you can expect to happen moving forward!
To read the original NY Times article where this infographic came from, click here.