If you need to borrow for a school, you should first check federal student loans. Private loans are not supported by the federal government and are more risky and expensive than federal loans. All students must complete the Free Application for Federal Student Aid (FAFSA); Sending FAFSA is required to participate in federal student assistance programs, even regulations that do not depend on financial needs. Choosing a repayment plan can be confusing, so take time to understand the trade-off between different options. The Department of Education provides information and calculators about online repayment options for studentaid(.)ed(.)gov /repay-loans. Powered by
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