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BORROW RESPONSIBLY



FREE MONEY

Before you take out student loans, be sure you are considered for grants, scholarships and/or work study.




STUDENT LOANS

Student Loans are offered through FAFSA. Remember when you are borrowing to only accept what is needed to cover your college expenses; tuition and fees, room and board, books, necessary personal expenses and transportation. You always have the option to decline or reduce the amount of loan money you are offered.




A TALE OF TWO STUDENTS

Ashley and Andrew enroll at UM as incoming freshman with the same goal of earning a bachelor’s degree. Each apply for student loans to help offset the cost of enrollment and qualify for student loans totaling $12,500 per year. Ashley borrows only half, or $6,250 per year. Andrew accepts the full amount. How much will each student owe upon completion of their degree? See for yourself the life-altering difference!


Borrow Responsibly

BORROW SMART

Many college students are not aware of the amount of student loan debt they have accumulated and how much they will have to repay when they leave school. Over borrowing could result in you being unable to afford a car payment or live on your own after you graduate. A good rule of thumb is to not borrow more for your entire education than your expected starting salary after you graduate.




INSTEAD OF THIS...

Simple cost saving tips to help you reduce your expenses and borrow responsibly.




CHECK THE CHART

Whether you're paying for typical daily living expenses or more extravagant splurges with Unsubsidized Loan Money you're putting yourself in the position to pay back often twice the cost!




ALREADY OVER-BORROWED?

Here are some repayment options that might help.



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Emma B. Lommasson Center
Room 236
The University of Montana
Missoula, MT 59812