Know the types of loans
Federal and private student loans differ in eligibility, rates, protections and repayment features. Review official disclosures and compare the total cost, not only the monthly payment.
Student Loan Guidance
Borrow with a clear understanding of the long-term obligation
Borrow only what you need
Create a realistic budget after accounting for scholarships, grants and savings. Every dollar borrowed may create interest costs over time.
Understand interest and repayment
Look at whether interest accrues during school, when payments begin and which repayment options are available. A longer term may reduce monthly payments but increase total interest.
Prepare before signing
Confirm the lender, loan amount, interest terms, fees and borrower obligations. Ask the school’s financial aid office about federal options before considering private borrowing.
Put this information to work
Use these resources as a starting point, not as a substitute for official program guidance. Requirements, deadlines, interest rates and award amounts may change. Check the latest details directly with schools, government agencies, scholarship administrators or lenders before submitting an application or making a financial commitment.
Write down the questions that matter most for your situation, collect the supporting documents you may need and compare alternatives using consistent assumptions. A clear checklist can help you avoid missing an important deadline or requirement.
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