Borrowing for College

The following seven-step tutorial will help you become an informed user of credit to meet college costs.

Step 1: Understanding the Loan Process

If loans have been included in your financial-aid package, review the Loan Process guide for a quick overview of the federal loan process.

Step 2: Choose a Lender

If you will be taking out private loans for college, you will be asked to choose a lender. 

Step 5: Other Loan Options

If federal loans fail to meet your college costs, alternative loans provide a supplemental source of college funding. Consult information about Private Education Loans.

Step 6: Entrance and Exit Counseling

Before you take out a federal student loan for the first time, and again, before you leave school, you will receive counseling about your rights and responsibilities as a student loan borrower.

Step 7: Repay Student Loans

Although most student loans do not require repayment until after graduation, learn the basics about Repaying Student Loans before you take out a loan.

Intimidated by the loan application process? Let us take you through it one step at a time.

Find out what you need to know before applying, and what you need to know after.



You have a loan, but do you know how you’re going to pay it back?

Learn how to put together a plan to make sure you take control of your loan and your financial future.