With the cost of tuition increasing it is likely that more students will need to seek out Student Loans to help defray college education expenses. Most will probably qualify for Stafford loans. Most will probably qualify for Stafford loans. But Private Student Loans can also help cover the costs of a college education for those that do not qualify for Stafford loans. It is always good advice to never borrow more than absolutely necessary to meet your needs. It might seem like a little extra cash is a good idea, but it would be much better to get a part-time job for spending money than to increase the amount of money borrowed. Remember, you do have to pay this money back, with interest. Another tip that will keep student loan expenses down is to be sure to start repaying the loans as soon as possible. Forebearances are granted for special situations, such as continuing your education, or while working in certain fields, like teaching in an area with a teacher shortage. Deferments can be granted which put off your payments for reasons such as looking for employment, or financial hardship. What you should keep in mind is that the interest continues to accrue on the outstanding balance of your loan and will be capitalized at the end of your deferment. This means that if left unpaid, the interest will be added to your principle and the amount you owe increases. Remember, loan is money you have to repay. Be conservative in your borrowing.