Borrow for college wisely

Life’s Financial Journeys

Heading Off to College
Getting Out on Your Own
Blending Two Lives
Having a Child
Emptying the Nest
Entering Retirement
Death of a Life Partner
Military Life

Taking out student loans to help pay for college is a common fact of life these days. Loans are readily available these days and most students take advantage of them to some degree.

However, being strapped with loan payments after graduation can be a long-term burden. Do you need to borrow at all? And, do you really need to borrow as much money as is available to you? In both cases, the answer is often “no.”

The following resources may assist you in borrowing for college wisely:

Start with the FAFSA form

An overview of college loans

The many ways of financing your education

College debt calculators

Would a student loan forgiveness program work for you?

Heading Off To College Tasks

1. Managing your own money
2. Finding a place to live
3. Setting up your own banking account
4. Getting your first job
5. Using credit wisely while in school

Using credit wisely while in school Subtasks

1. Learn basic information about credit and credit reports
2. Establish a good credit reputation
3. Borrow for college wisely


NAPFA Consumer Education Foundation
8700 W. Bryn Mawr Ave., Suite 700N
Chicago, IL 60631
(847) 483–5400 ext. 106