Required reading before you borrow

Written by
Sabina Haskell

Date
July 25, 2017

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required reading

School bill due? Borrow smart.

Most students (and their parents) will borrow to help pay for education after high school. Knowing which loans to choose is the most important decision you’ll make in paying for your studies and minimizing debt later on.

VSAC’s My Education Loans guide is written with you in mind, with advice and tips to guide you through your options and manage debt successfully.

When you take out a loan for college or career training, your repayment of that loan will consist of the amount you’re borrowing plus interest. The interest is the fee you pay the lender in exchange for borrowing the lender’s money. The shorter the repayment period, the less interest you’ll pay over the life of your student loan.

Managing college — and the costs that go with it — can be daunting. But you don’t have to face it alone. Get more tips for smart borrowing in the guide, and if you have a question, call us at 800-226-1029, email us at info@vsac.org, or come see us in Winooski, M-F 8:30-4:00 in the VSAC Resource Center.