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When you borrow money, it is called a loan. All loans must be paid back. The government offers several loans to students going to school. The cap of the loan is generally set by the school you are attending and may include enough money to cover tuition, housing, and other expenses. Those who are not United States citizens, men who fail to register for the draft, and students enrolling in unapproved schools are not able to receive funding from government agencies. These students have the option of taking out private loans from individual banks. The government offers grants of money to students who fall in the lower brackets of income level.

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