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After sorting through the many student loan options available, you may still be in a dilemma as to which would be the best loan for you. Should you choose a government loan, a federal student loan, a state loan, or a private loan? The possibilities and its effects are endless. There are however, a few questions that must be asked before clinching the deal. Some of these would include what the applicable rate of interest would be? What are the terms and conditions of the plan? And how effective is their customer service? After you are satisfied with the answers received, it is time to scrutinize your finances closely. Draw up a realistic budget that covers your earnings / loan amount and your monthly outgoings. A student loan is often a burden carried with you years after you graduate from college. Keeping this in mind, it is imperative to make an informed decision only after weighing all the pros and cons and to be committed to a debt-free future.