Aside from financial aid that colleges offer, there are also students loans that you can turn to in case you are in dire financial needs. Like any other type of loan, a student loan comes with interest rates attached to it. Many schools actually give a prime interest rate for student loan because of the fact that most students don't usually have credit history. This means that the repayment for this loan can be a bit costly. Do you think the benefits that you can get from applying for student loans are worth the cost? Read on and find out.