When you receive your award letter be sure to complete the Estimated Cost Worksheet.  If you have funds in excess of your charges consider declining or canceling all or part of your loan.  It is important to keep in mind when borrowing a student loan that the loan funds must be paid back with interest over time.  Taking out a few extra dollars now could cost you a few thousand dollars later. Check out the information on Great Lakes' website on how to borrow wisely.  The website has links to budget calculators and a repayment table.  Follow the link below to get more information.

Great Lakes Higher Education Corporation