05/02/2013 03:42 pm ET Updated Dec 06, 2017

Understanding the Fundamentals of Student Loans

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Understanding the importance of higher levels of education can become a frustrating task when coupled with trying to understand the options available to pay for that said importance.

In response, Rasmussen College has just released visual that highlights some of the fundamentals involved with paying for your education. What does it mean when you're going after a FAFSA loan as opposed to a bank-issued loan? Or the difference between a subsidized and an unsubsidized loan?

Even further, the graphic notes that as of 2012 data, there are more than 37 million student loan borrowers, with over 23 million of them being for those above the age of 30. For those feeling the stress of dealing with and understanding borrowing money for school, here's a high level look that should help: