An education is perhaps the only asset we ever have which is guaranteed never to decrease in value.
People pay off things of value over long periods of time; think of a home or automobile. That's exactly what student loans let students do. A student's ability to repay the loan is based on the reasonable assumption that his or her future income as a college graduate will make loan repayment manageable.
The links on this page provide information about the loans included on award letters and others for which students can apply beyond those awarded by the Student Financial Services Office.