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Things to know before you borrow [Infographic]

Posted by Lindie Johnson on Apr 20, 2017 1:28:27 PM

Are you looking to apply for a student loan? You're not alone. Student loans are a big part of paying for college and many students (and their parents!) have them. So, you want to know what types of loans are available, what questions to ask before you borrow, and the steps you need to take to apply for a loan? Well, you came to the right place! We've compiled an infographic (see below) with important details you need to know to educate yourself on student loans before you borrow.

Be sure to do your research ahead of time. Don't get caught up in the moment just because a lender approved you (or because it makes your life easier - hey, we've all been there!). Do some comparison shopping and see which lender offers you the best rate and be sure to check out their benefits programs as well as their rates, fees, and terms.

If you are interested in applying for a RISLA education loan or just want more information on our education loan options, visit us online or call 800-758-7562 to speak to one of our loan counselors. 

Download our Guide to College Borrowing for more in-depth explanation of borrowing for college.

Download Borrowing Guide

 

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Topics: Borrowing for College