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The borrower initially receives an amount of money from the lender, which they pay back, usually but not always in regular installments, to the lender. Calculator loan personal If you need money to pay for your child's college tuition, Sallie Mae has a variety of student loans for parents to help their children achieve their college dreams. government college loan .
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Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower.

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