But help is available in the form of financial aid. More than five million students are getting some outside help this year alone. Even if you or your family can't pay the full cost of college yourselves, you may qualify enough for enough outside money to pay for the education you want. They are not paid back. Money that must be repaid after graduation or leaving school.
Student loans have lower interest rates than commercial loans.
Earning funds in payment for a job. Our financial aid office generally puts together an aid package that combines gift aid and self-help. Nearly half of all student aid funds are in the form of loans. The important thing is not to borrow more than you really need. Remember that loans eventually have to be repaid, with interest.