| p>If you or a member of your family is planning to go | | | | transportation, books, lab fees and other relevant |
| to college, you probably should consider taking a | | | | expenses) |
| college loan. There are several ways to put together | | | | - deduct money you might have saved for college. |
| financing for college and there are also several | | | | This should give you a good estimate of the student |
| financial sources you can combine when you need a | | | | loan you'll need to apply for. Once again as mentioned, |
| college or student loan. | | | | college as well as all federal loans are cheap; |
| The expenses for studying varies from school to | | | | - Low interest rates |
| school. Some schools might be so expensive that you | | | | - you can wait to start paying them off until after your |
| might have to take out more than one loan. However, | | | | graduation. |
| college financing is cheap compared with private loans | | | | Some types of student loans |
| and as a student, you can also take advantage of | | | | Stafford Loans |
| school based financial aid, scholarships and grants. | | | | These loans are meant for graduates and |
| If you haven't already decided which school or schools | | | | undergraduates and have a subsidized as well as an |
| you are interested in and are going to apply to, you | | | | unsubsidized variant. The first means that interest |
| should make a list of | | | | doesn't start to accrue before you begin to pay back |
| - colleges that interest you (Harward, Standford, Johns | | | | your loan. Unsubsidized means that interest takes |
| Hopkins or others) | | | | effect immediately. |
| - colleges that you are likely to get into | | | | Plus Loansare targeted to parents of undergraduates |
| How much do you need? | | | | Private college or student loans |
| Like I said above, since the cost varies between | | | | Private loans should only be applied for, If you need |
| schools, the college that you choose to go to will what | | | | additional funds. |
| determines how much money You'll need to apply for. | | | | If you put some time into applying for different |
| Here is what you should do: Add together; | | | | scholarships -and there are lots of them - you may be |
| - fees | | | | able to finance your college experience without having |
| - tuition | | | | to take out such big loans, or maybe even no student |
| - other school expenses (for example housing, food, | | | | loans at all. |