Though loans may be necessary to complete your financial aid package, explore alternatives such as grants and scholarships which you won't have to repay to fund your education. If you must borrow, make sure that you are aware of your rights and responsibilities as a borrower. Also, keep in mind that student loans are still a form of debt and must be repaid, borrow only what you think you will need. In this section, you can also evaluate your options for repayment before your loans become due.