Redefine Your Student Loan Refund

Many college students wait anxiously each semester to receive their financial aid “refunds,” but the belief that this is “free” money is a myth. Most student loan refunds contain federal student loan dollars that have to be paid back after graduation. Using more of this money than you need for educational expenses can land you in serious debt after you finish college. Watch this video to learn more about these “refunds” and what to do if you receive one.

The content provided in this publication is for informational purposes only. Nothing stated is to be construed as financial or legal advice. PSECU does not endorse any third parties, including, but not limited to, referenced individuals, companies, organizations, products, blogs or websites. PSECU does not warrant any advice provided by third parties. PSECU does not guarantee the accuracy or completeness of the information provided by third parties. PSECU recommends that you seek the advice of a qualified financial, tax, legal or other professional if you have questions.