I've been wanting to develop a how-to on federal loans, but for now Strib's Money blogger has a little post about the FAFSA form and financial aid.
Notice the part about income-based repayment, which supposedly sets the amount owed each month to a person's income. Also notice that starting this month, students are dealing directly with the feds -- not private lenders.
The blog also suggests paying off the interest on a loan while still in college.
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