Private student loans may be worth considering for families who need additional financial help.

Consider When to Use Private Student Loans

Private borrowing is riskier than using federal options but, in some cases, could cost less.

Private student loans may be worth considering for families who need additional financial help.

Private student loans may be worth considering for families who need additional financial help.

By + More

Borrowers are ultimately in charge of the amount of debt they take on. Research into starting salaries and employers hiring grads from your school can help you project the likelihood of what you'll be able to pay, whether you're borrowing through a federal program or a private lender. A manageable student loan repayment will be about 10 percent of your monthly take-home pay after graduation, many experts recommend.

For any type of student loan, tell yourself this, Kandianis recommends: "I'm borrowing a whole bunch of money, and the only way I'm going to repay it is if I get out and get a good job ... Am I financing a throw-away or something sturdy that's going to be around for awhile?"

Trying to fund your education? Get tips and more in the U.S. News Paying for College center.