Loans and Work Study

Types of Loans
Student and parent loans are often a critical part in how students finance their higher education. Unlike a grant, student and parent loans must be repaid. This is true even if you withdraw, don't find a job for which you studied, or do not feel you got what you paid for.

You do not need to avoid student loans, but you do need to be informed and wise when taking them out. Too much borrowing while you are in school can significantly affect lifestyle decisions after you graduate and you begin repaying your loans. It is critical not to overestimate your earnings after graduation. Though it is true college graduates earn significantly more than high school graduates on average, you must plan your future lifestyle now if student loans are part of the equation.

There are a variety of federal programs and private lenders who make loans to students, and the qualifications for the loans, and terms and conditions for repayment vary. Please note some colleges have a preferred lenders list or work directly with the federal government and still others may not participate in federal student loan programs at all. Contact your college financial aid office for information on loans available at your institution.

Federal Loans Private Alternative Loans
Institutional Payment Plans
Other Loans & Credit Cards


Estimating the Cost of Your Education
Important Facts About Borrowing
Loans for Your Career Choice
Loan Forgiveness
Loan Repayment Guide


Work Study