What You Need to Know About Borrowing
For many students, taking out a student loan is vital to affording their education. If you need to borrow a student loan we recommend you consider the following before accepting/applying for a student loan:
- Only borrow what you need to cover your educational expenses.
- Resist the temptation to use your student loans for non-educational expenses.
- Determine what your monthly payment could be once it's time to repay the loan.
- Make sure you understand your loan terms, interest rate(s), and repayment obligations.
Student Loan Resources
- Â鶹´«Ã½ Federal Student Loans Webpage
- Â鶹´«Ã½ Alternative Financing Webpage
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- This website provides a historical list of private educational loan lenders that students at Â鶹´«Ã½ have used. The Â鶹´«Ã½ Financial Aid Office does not endorse any particular lender.