What are the pros and cons of taking out student loans and how do they work? By: Francesca A

Taking out student loans may solve the short term financial issue for paying off tuition, but in the long run they can be very costly due to the interest rates that are placed on these loans.
There are a few different types of student loans. There are are federal student loans which are funded by the government and have more flexibility when it comes to paying them back. Then there are private student loans which are not as flexible. There are also Perkins loans which are granted to students with a lot of financial need and plus loans which are granted to graduate students and these loans depend on your credit history. Loans can also be either subsidized or unsubsidized. Subsidized loans do not have interest which makes them easier to pay off whereas unsubsidized loans accumulate interest over the time that you are in school making them much harder to pay off after you finish.
It’s important to look at loans carefully to prevent as much debt as possible

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