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Understanding Loans for Teens: Everything You Need to Know When you hear the word 'loan', you might think of adults buying houses or cars. But understanding loans isn't just for adults it's crucial knowledge for everyone, including teenagers. Whether you're looking at funding higher education, considering borrowing money for a big purchase, or just curious about how financial borrowing works, it's important to grasp the basics early on. In this guide, we'll explore what loans are, how they impact a young person like yourself, and share practical advice on managing them wisely. What is a Loan? A loan is essentially...