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Financial Literacy

Responsible Student Loan Borrowing

What You Need to Know About Borrowing

For many students, taking out a student loan is vital to affording their education. If you need to borrow a student loan we recommend you consider the following before accepting/applying for a student loan:

  • Only borrow what you need to cover your educational expenses.
  • Resist the temptation to use your student loans for non-educational expenses.
  • Determine what your monthly payment could be once it's time to repay the loan.
  • Make sure you understand your loan terms, interest rate(s), and repayment obligations.

Student Loan Resources