Top 3 Borrowing Tips: 

1. Take Out The Federal Direct Student Loan: All you have to do is complete the FAFSA. Plus your student won’t need a co-signer, it allows them to establish credit & has a competitive fixed interest rate, it’s a no brainer!

2. Understand Your Family's Borrowing Criteria: Who should be on this loan (student, parents, both)? Do you want a co-signer release program? Does it have flexible repayment terms? What matters most to your family?

3. Shop Around: Don’t take out the first loan you see, shop around and get your rate from multiple lenders before settling on just one!
   
   Follow these steps above and you'll get a view of the loan rates and terms available to your family so you make an informed, thoughtful borrowing decision.