Of course. You should always remember, that you must repay your loan, so be sure you understand your options and responsibilities.
Are you applying for financial aid?
Yes, I am applying.
In that case you may be offered loans as part of your school's financial aid offer. A loan is money you borrow and must pay back with interest.
Yes, I know. I'm an undergraduate student, how much can I borrow?
The maximum amount you can borrow each year in Direct Subsidized Loans and Direct Unsubsidized Loans ranges from $ 5,500 to $ 12,500 per year, depending on what year you are in school and your dependency status.
What if I decide to take out a loan?
Please make sure you understand who is making the loan and the terms and conditions of the loan. Student loans can come from the federal government, from private sources such as a bank or financial institution, or from other organizations.
Which types of direct loans are available?
Direct Unsubsidized Loans, to name an example, are loans made to eligible undergraduate, graduate, and professional students, but eligibility is not based on financial need.
And how do I receive a federal student loan?
Do you want to apply for a federal student loan?
Yes, I am.