Financial Aid

Financial Tips

Questions Student Borrowers Might Pose to Lenders

Private student loans are not guaranteed by the government and their interest rates are not capped. Before considering one, make sure all government and institutional financial resources are exhausted. Review these suggested questions with lenders.

Limit your Level of Borrowing

It is critical, as you plan to enroll in college, to review your particular lifestyle and financial resources. Going to school may require an adjustment to your spending habits. For every dollar you can reduce in your current spending, you'll experience substantial savings in loan repayments.

Don't forget the benefits a part-time job can give you in reducing the need to borrow. It benefits you more than just the wage... you save the interest you would have accrued on a loan.

Suggestions for Reducing Expenses


(adapted from Tulane University Health Sciences Center)

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