Federal student loans for college are an investment in your future. You must repay your loan, so be sure you understand your options and responsibilities.
Have you applied for financial aid?
yes
You might be offered loans as part of your school’s financial aid offer. A loan is money you borrow and must pay back with interest.
is there anything more I should know about the loans?
Make sure you understand who is making the loan and know the terms and conditions of the loan.
do loans have high interest ?
The interest rate on federal student loans is fixed and usually lower than that on private loans.
how much can I borrow?
It depends on whether you are an undergraduate student, a graduate or professional student, or a parent.
is the school the one making the loan to us?