Remember: When it comes to student loans, only accept the amount that you NEED. The money you’re borrowing may not seem real to you now, but you might be paying your loans back for 10 years or more, so take your time to consider all of your options.
There are plenty of resources and tools available to assist you with plans to pay for college. Help with the FAFSA, understanding your aid, financial aid calculators, and more are available to help you! Be sure to check out these resources when planning for the upcoming 2013-14 academic year. Visit the Federal Student Aid website at http://studentaid.ed.gov/ to access these resources.
If you need help understanding your student loans, try the new Financial Awareness Counseling Tool (FACT). This tool can help you understand your loans, manage your spending, plan for repayment, and make your finances a priority!
Be smart, borrow smart.