Borrowing loans to pay for college may be the only way for many students. If you do have to borrow loans for college, the Office of Student Financial Assistance wants to make sure you borrow wisely and just what you need!

Before you accept your Federal Direct Loans*, keep the following things in mind:

  1. Don't expect to live off your Federal Direct Loans entirely. Federal Direct loans are to be used for education related expenses first, such as tuition and book costs. Any remaining loan funds can then be used towards living expenses.
  2. Do I need the full loan amount being awarded to me? Students are never required to accept their full Federal Direct Loan Award. Students can reduce and/or decline their Federal Direct Loans. After all, this is money you will have to pay back!
  3. What education related expenses do I still need covered?
  4. Have I exhausted my options for grants, scholarships and/or work study?
  5. Make sure youKnow What You Owe


After you accept your Federal Direct Loans, keep the following things in mind:

  1. Loans are an investment in your future! So when you don't attend your classes, keep in mind that you are borrowing money for classes you're not attending. And whether you finish the class or even your degree/certificate, you are still responsible for paying back that loan. Remember, loans are an investment in your future!
  2. When do I have to start repaying the loans I just accepted? After you graduate, leave school, or drop below half-time enrollment of 6 credit hours, you will have a six-month grace period before you are required to begin repayment.
  3. Have I accepted just what I needed?
  4. Attend one of our free, Let's Talk Money Information Sessions.


* For some students, due to their existing student loan debt, may need to come to the Office of Student Financial Assistance and speak with a Financial Aid Representative before accepting their loans *





*Disclosure: All Federal Direct Subsidized, Unsubsidized and PLUS Loan information will be submitted to the National Student Loan Data System (NSLDS), and will be accessible by guaranty agencies, lenders, and schools determined to be authorized users of the data system.


Contact Information

Office of Student Financial Assistance
Student Services Center (SSC), Room 2220, (630) 942-2251
Fax: (630) 942-2151


Monday to Thursday, 8 a.m. to 7 p.m.
Friday, 8 a.m. to 5 p.m.