Pay for College Guide

Page 5

LOANS BORROWED MONEY

Loan money must be repaid. For that reason, we encourage you to look at all your other options first and borrow only what is needed. Our students were disbursed more then $6.9 million in loans last year. Reynolds participates in the William D. Ford Federal Direct Loan Program, offered through the Department of Education. Federal Stafford loans are low-interest, long-term loans. In addition, parental loans and private loans may also be available. Visit reynolds.edu/financialaid and click on Types of Aid to get started.

ADVICE ABOUT LOANS Do not borrow if you don’t have to. If you need to borrow, borrow only what you need. Stay in contact with your student loan service provider to stay on top of what you owe. Find out who your provider is by going online to studentaid.gov. One-time repayment will help you establish a good credit rating, so be sure to explore your repayment options.

SMART LOAN CHOICES TODAY

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LESS DEBT AND FINANCIAL FREEDOM TOMORROW 5


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