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.
Good to know. Do you know your options and responsibilities? Can you give me an example?
You can contact Equifax Credit Bureau to report a possible fraud.
I have another concern regarding the Federal student loans. What if I make a decision to take out a loan?
Make sure you understand who is making the loan and the terms and conditions of the loan.
I'd like to know more about Financial Aid Types. Is there any financial assistance available from my state government?
Yes. Your state government is another source for financial aid.
Can you please tell me if there are any alternatives apart from federal student loans that I can take?
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?