Some students find it necessary to borrow money to finance a portion of their education.
Although the college can assist you in securing an educational loan, it is important that you consider this step carefully. Please be aware of the following as you approach planning your finances for meeting the expenses of attending college and before you obligate yourself for educational loans. Only take an educational loan if it means the difference between attending and not attending College, and then only for the amount needed to attend. Know about and follow through concerning your rights and repayment responsibilities including loan repayment deferments. Loan Default Loan default means that a student who received an educational loan fails to make payments in compliance with the promissory note he or she signed and as federal regulations dictate.