Tips
01
Explore Options
Before applying for a student loan, understand the different options that are available to you. This can include federal loans, or private loans. Typically, federal loans will be most beneficial.
02
Responsibility
Make sure that you only get a loan for how much is required. Don’t get more than what you need, because this will lead to financial hardship in the long run.
03
FAFSA
Apply for Federal Aid. You can complete the Free Application for Federal Student Aid (FAFSA). This will help determine if you qualify for federal student aid programs. It will give you a greater opportunity for scholarships. If you get a Federal student loan, you will be able to get low interest rates and the repayment requirements won’t be as strict.
04
Credit Score
Start building your credit now. If you do not have a credit card, make sure to open one. If not, being an authorized user on your parents’ credit card is the best way to begin building our credit score.