| Before
borrowing money for college, it is important to determine what your
expenses are likely to be, such as, your
tuition and fees, books, housing, meals, personal expenses, transportation
costs, and any unforeseen expenses that you may encounter. You should
begin by exploring all of the options that are available to you
including scholarships, grants, and employment opportunities before
deciding to fund your education through loans. However, if you find
that you are still short once you have figured your other types
of aid, then you may want to consider a student loan to complete
your financial plan. Though be conservative and only borrow as much
as you think that you will need. Remember, it is a loan and it must
be repaid. It is also wise to consider your future income and expenses
when planning to borrow for college. EdWise,
EdFund's Online Financial Planning Guide, can help you determine
how much to borrow as well as helping you to figure out how much
your monthly payment for your student loans will be. As with any
financial obligation, there are certain rights and responsibilities
that go along with student loans, be sure that you are aware of
and comply with them.
Additional
Resources: Studentdebthelp.org:
Financing Your Education click
here EDFUND:
Managing Your Loan click
here
Borrowing
for College
click
here Borrowing
Responsibly click
here Mint.com click
here
Student
Rights and Responsibilities
click
here
Financial
Aid Planning click
here 10
Essential Borrowing Tips click
here
Financing
Your Education click
here Think
Before You Borrow click
here
How
Much Should You Borrow? click
here
How
Much College Debt Is Too Much? click
here
Be
a Smart Borrower
click
here
Facts
You Should Know and Remember
click
here
Tips
for Undergrads
click
here
34
Ways to Reduce College Costs
click
here Occupational
Outlook Handbook (OOH), 2006-2007 Edition click
here California
Labor Market Info-Career Center click
here
Where
the Jobs Are
click
here
A
Crash Course on Job Hunting
click
here |
