Ouch! Well, your major scwred...Loans are nice but if you really are in a tight budget, dont do it
But the good news is that the interest rates are kind of lower then the usuall credits cards...usually credits cards have around 15-20% interest compared to loans that have around 3-5% interest which means you will have to pay back all together 5000-6500ish dollars in the end...
Sorry to be such a downer but I did my research a year before I would have to do any of this....
Ummmm,next time use this like right now for your spring term Home - FAFSA on the Web-Federal Student Aid to get free grants and stuff but the rules I told you,you have to obey...You have to have no Ds or Fs from your term,have a GPA or 2.0 or higher and in order to get the full 5500 dollars,you have to be poor like my mom and me but if your income is more then 2000/mo...Then it starts to drop...