What is a Student Loan?
Posted: June 26, 2026 | Author: Southern Utah University | Read Time: 1 minutes
A loan is money you borrow and must repay with interest, so make sure you understand your options and responsibilities.
The best way to avoid unreasonable debt is to plan ahead. For helpful tips on planning and preparing for college expenses, visit Talent Ready Utah or IGrad.
Your first step should always be completing the FAFSA (Free Application for Federal Student Aid), which determines your eligibility for federal loans, as well as grants and scholarships that don't need to be paid back.
Federal student loans generally fall into two categories:
- Subsidized Loans: Need-based loans where the government pays your interest while you're in school at least half-time.
- Unsubsidized Loans: Non-need-based loans where interest begins accruing as soon as the loan is disbursed.
If a manageable amount of debt is all that stands between you and your degree, student loans can be a smart investment in your future. By borrowing wisely, you can graduate with minimal debt and a head start on your career.
For your loans to pay out, make sure you complete your Entrance Counseling and Master Promissory Note on StudentAid.gov. If you need to request a loan increase, submit a form through SUU Financial Aid Forms or reach out directly to the SUU Financial Aid Office for assistance.
If you have questions or need help with the process, visit the Financial Aid office
Tags: Blog Financial Aid High School Parents
