Make sure you are borrowing responsibly
Student loans are serious business. You need to think about how
much you are borrowing and whether you will be able to afford to
pay back those loans. Use this College Savings Calculator to help you work
out how much you could or should be saving to meet college
expenses, and how to maximize your savings efforts.
As an aviation student at Kansas State University, Josh Stacey
needs to pay for flight training, which costs about $100 per hour.
By the time he graduates with his bachelor's degree, he expects
that he will have incurred at least $50,000 in loans.
Stacey says that he researched lending options carefully to make
sure that he got the best rate he could. He also made sure he
understood his repayment responsibilities after graduation, when he
starts his career as a pilot.