A loan is money you borrow for the purpose of paying for college.
Loans have to be paid back.
There are variety of loans available to BSU students. Direct Loans are available to qualified BSU students and have a favorable interest rate for commercial bank loans. Your need and grade level determine the amount of Direct Loans for which you may qualify. The federal government pays the interest on subsidized loans as long as the student is in school. With unsubsidized loans, the student is responsible for the interest from the time the funds are disbursed while the student is enrolled at least half time.