Breaking Down Your Financial Aid Letter: What’s Free Money and What’s Not
CFAA College Financial Aid Advisors
MARCH 17, 2025
What You Have to Pay Back: Loans Loans are the money you borrow to help pay for school, but remember: this is money youll have to repay, with interest. There are federal student loans, which often come with lower interest rates and better terms, and private loans, which can vary in cost.
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