<p>I’m a rising freshman who recently received his financial packet, “award letter.” Like most people on this forum, half of the “awards” are loans. ARE THESE LOANS A GOOD IDEA? I like the idea of the subsidized loan, but it wasn’t much. The Parent Plus Stafford loan offers the amount I need, but it has to be pay immediately once “dispersed” and collects interests. Also what happens if I decide to transfer? Will I still have to pay the loans or can I transfer the borrow amount to a different school? ADVICE from anyone with experiences with these loans will be greatly appreciated.</p>