Are you thinking about taking out a federal student loan to help pay for college or career school? Considering that the average student loan borrower graduates with more than $26,000 in debt, you will need a strategy to keep your loan debt from ballooning out of control. After all, student loan debt could affect your quality of life after graduation.
Check out this video to learn about your responsibilities as a borrower and what you should consider when taking out loans for college.
My best advice is to be smart and don’t borrow more than you need! For more questions about student loans, leave a comment below or talk to a financial representative at your credit union.
Until Next Time,