While loans should be saved for only when they are entirely necessary, there is a time and place to take out loans. Make sure to do it as smartly as possible. First, fill out your FAFSA. You may be eligible for Stafford Loans. These loans have very special interest rates, and some you don’t have to start paying until 6 months after you graduate. If you are not eligible for these loans, then look into other student loan options. Sometimes on scholarship sites, you can search for loans, as well. These also will come at lower interest rates. Make sure wherever you look for loans that you mention that you are a student. These will typically offer lower interest rates, which is obviously in your favor.
Wondering how much you’ll spend in student loans? Here is a student loan calculator!