oWhat are some future consequences of borrowing too much debt?oHow do you plan on repaying your student loans?oWhat is one positive thing you can do to keep your student loans under control?Taking out student loans is a wonderful option but just like any other loan it needs to be paid back. When you fill out your FAFSA paperwork to apply for a student loan you are naturally asked the question, “How much would you like to take out above class and book expense?” You are obviously given a limit and need to make sure any ‘extra’ money you borrow needs to be geared towards school expenses. Since I take online classes, I took out enough so I would be able to buy a printer and all accessories that go with it. I also took out enough to pay for my internet costs and electric bill. These things I felt to be needed for my online class taking. I knew when I electronically signed the application that I will be charged interest for one type of loan and no interest on the other.
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