9 tips on paying for college
6. Shop around for loans
Credit-based loans take your credit score and history into consideration before being awarded.
Sometimes credit-based loans are packaged in a financial aid award letter. The Federal Stafford Loan for students is a non-credit based loan. Many other packaged loans, like the Federal PLUS loan for parents, have a separate application with eligibility requirements. Before your borrow a packaged credit-based loan, shop around for a credible institution that meets your needs.
Also check out the CollegeBoard website to learn more.