Student loans are a path to college education that is open when other routes are not. However, you shouldn’t get into getting loans until you know exactly what getting one entails. This article will help you understand the financial options for your college education.
Think carefully when choosing your repayment terms. Most public loans might automatically assume a decade of repayments, but you might have an option of going longer. Refinancing over longer periods of time can mean lower monthly payments but a larger total spent over time due to interest. Weigh your monthly cash flow against your long-term financial picture.