Like all debt instruments, a loan involves the redistribution of financial assets over time, between the lender and the borrower. The borrower initially receives an amount of money from the lender, which they pay back in regular installments to the lender. This service is generally provided at a cost, referred to as interest on the debt. Acting as a provider of loans is one of the principal tasks for financial institutions.
In this free video series, a financial aid officer provides information on how financial aid works and how to use student loans to pay for college. Learn about finding free college money, getting Stafford loans and qualifications for financial aid for music students. Find out how to get student loan forgiveness, how to repay federal student loans and where to get student loans with no job. Discover how to get help with finances for college with tips in these free videos.
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