Work out a budget first, including your educational and living expenses. Then, borrow only as much as you need.
Choosing a lender and a loan program can be tough. Check out the Bottom Line . This worksheet offers practical information for borrowers.
This is a federally financed student loan made to undergraduate and graduate students who meet specific eligibility requirements. You may borrow up to the cost of attendance minus any other financial aid received and may not borrow more than the maximum annual or aggregate (lifetime) amount. Interest is charged throughout the life of the loan. You may choose to pay the interest charged on the loan or allow the interest to be added to the loan principal.
Updated: 09/27/2013 11:31 AM
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