Whether you are preparing to send you teenager off to college, or thinking about starting a new career, making financial arrangements can be stressful. Take advantage of all grants and scholarships before looking at other funding resources. Federal student loans are available to everyone, because not all federal student loans are based on financial need. The maximum amount that you can borrow using federal loans (at the undergraduate level) is $31,000 for dependents, and $57,500 for independents.
Student loans help make education possible for many people. Keep in mind, however, that student loans must be repaid even if your financial circumstances become difficult. They can’t be canceled because you don’t get the education or job you expect, and they can’t be canceled because you don’t complete your education.
We have put together a few links to websites that might be useful when contemplating student loans. Contact our office if we can be of assistance with the preparation of any necessary paperwork.
