A college education is one of the most important long-term investments in your future. Loans of various types are available to help you fund your education and accomplish your goals. All loans, however, do need to be repaid, very careful planning is essential in ensuring a healthy economy for years to come. Many educational loans can have favorable terms of interest, such as the federal subsidized loans. For these the Federal Government covers the accrued interest while you’re in school. Federal Unsubsidized loans do accrue interest, but are often much less than other consumer loans, such as car loans, credit cards etc.
It is possible to obtain a short-term loan, to cover a temporary need of up to $600. These loans are based on the academic term and do have to be repaid within the term in which they have been obtained and have a processing fee of $5. Applications are available at the Office of Scholarships & Financial Aid and as long as funds are available.