Before you accept any financial aid package, make sure you understand it completely and every aspect is clearly explained.

Accept an aid package only after all of these questions have been answered.

• Is this aid for one year only, or is it renewable?
• When and how do you reapply?
• How many hours are required for work-study jobs?
• What is the interest rate on loans?
• Can interest on loans be deferred while in school?
• What are repayment terms for the loans?
• If aid is renewable, are there scholastic or other requirements you must meet?

Explore different types of financial aid for your education.