
Tuition Fee Loan
A Tuition Fee Loan is financial support provided by the government or a lending organization to help students cover the cost of their university or college tuition fees. The loan is usually paid directly to the educational institution. Repayment is typically deferred until the student graduates or earns above a certain income threshold. The amount borrowed depends on the course and institution, and interest may accrue over time. It's designed to make higher education more accessible by spreading the cost over time, reducing the immediate financial burden on students and their families.