Be careful with private loans. The terms of such loans can be difficult to ascertain

Be careful with private loans. The terms of such loans can be difficult to ascertain. Oftentimes, you aren't aware of the terms until after you have signed the papers. You may not be able to get out of the loan then. Get all the information you need first. Compare an offer with those given by other lenders to find out who offers the best rates.

To get the most out of your student loan dollars, spend your free time studying as much as possible. It is good to step out for a cup of coffee or a beer now and then, but you are in school to learn. The more you can accomplish in the classroom, the wiser the loan is as an investment.

Don't rely solely on student loans for financing your college experience. Keep in mind that you need to save up and look for scholarships or grants to get help. There are several great websites that offer information about available grants and scholarships. Be sure to begin your search as soon as possible in order to be prepared.

Plan your courses to make the most of your student loan money. If your college charges a flat, per semester fee, take on more courses to get more for your money. If your college charges less in the summertime, be sure to go to summer school. Getting the most value for your dollar is a great way to stretch your student loans.