Loans? Should i, or shouldn't i?

bobbyleebologna
Sun, 03 Apr 2011 14:07:16 +0000

I’ve received almost all of my unofficial financial aid reward letters from all of the UCs that i got into. I’ll be getting most of my costs covered by grants/scholarships, but i still have a net cost of roughly $8000. In order to alleviate this, each college is saying i can take out loans. Even though it’d be small loans, something like $2000 from 3/4 different firms, i’m kind of reluctant to take them out. Mainly because i hear of people having HUGE debts from taking out loans. What do you guys think i should do? I’m really hoping i can get some scholarships to cover the costs, but i know i’m probably going to have to take out a loan anyway.
With that in mind, what would be the best loan to take out?( Federal Perkins, Federal Direct Stafford, Federal Direct Unsub. Stafford?
Thanks in advance for any help you can provide me with!