top of page

Understanding Loans

This should be your last resort to help pay for school after looking into scholarships and institutional aid (money given to students from the college).

Taking out a loan is a very personal decision therefore it is important to learn what it means to take out a student loan before you agree to do so. There are some loans that don't acquire interest until 6 months after you graduation like unsubsidized loans. 


If you think you are going to have to take out a loan, don't be afraid, be prepared. Many students take out loans to fill their financial need gap.

A common piece of advice is "Your amount of student loans should be less than your first year post-graduation salary." and only take out what you need. A school might offer you 12k in loans but in reality you only really need 10k.