Of course. You must repay your loan, so be sure you understand your options and responsibilities.
Did you apply for financial aid?
Yes, I have applied for it.
Then 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.
I see. So what if I decide to take out a loan?
Make sure you understand who is making the loan and the terms and conditions of the loan.
Are there other loans beside the federal student loans?
Yes. Student loans can come from the federal government, from private sources such as a bank or financial institution, or from other organizations.
What if I'm in financial need? What can the government do for me?
If you demonstrate financial need, the government pays the interest on some loan types while you are in school and during some periods after school.
That's great! So, what exactly are those direct plus loans?