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Student Loans

Student Loans

64.7% of students from the 2016 undergraduate class who started at Texas State University as first-time students and received a bachelor's degree between July 1, 2015 and June 30, 2016 borrowed from a loan program (Federal Perkins, Federal Stafford Subsidized and Unsubsidized, institutional, state, private loans that your institution is aware of, etc. Include both Federal Direct Student Loans and Federal Family Education Loans).  

Student loans are awarded to eligible students and parents of dependent students. Student loans are borrowed funds that must be paid back with interest. You need to fully understand your student aid to make more informed financial decisions in regard to borrowing funds. Additionally, you need to plan your finances for all the years you plan on being a student in order to get an overall summary of the total cost. Your college education is an investment in your future; hence, you need to calculate the return on your investment as you make major decisions in regard to your educational planning.

Always begin with the end in mind; this will help you understand the impact of your student loan borrowing and spending habits. Consider the future earning potential in your field of study and calculate your forecasted ability to pay back loan debt after completing your education.

The information about student loans has been drafted from Penn State's Financial Literacy and Wellness Center.