A student loan is money that you borrow to pay for college or career school. You can get a student loan from the federal government, or a private source like a bank, credit union, or other financial institutions.
Depending on the terms of your loan, you may get the loan check, or it can be sent right to your school. You don't have to begin repaying your loan until you leave school or drop below part-time enrollment.
If you took out one or more loans for school, you probably will be contacted about paying back your loans. This information will explain how the student loan process works, who can collect on your student loans, what options you have, and where you can get information about your loans.
Updated: June 2017