College costs are going up and scholarships and grants do not seem to be keeping pace. For most, that means that college loans are the bridge to a college degree. Loans, such as Stafford, Perkins, Plus and private are readily available and many can fund their education with these student and parent loans.
In the United States, all government student loans are based on financial need. The student initiates his or her application for the loan by completing a FAFSA.
Though loans may seem like a financial burden, the education you will receive in return is priceless. Because many younger students do not yet have a credit history, a student loan is a great way to start one.