If you are a student and you have a hard time paying for your tuition fees and any other college expenses such as books because of financial constraints, then it is time that you consider applying for a student loan. This type of loan is perfect for students like you who are very determined to finish college but do not have the funds to pay for it. Student loans are actually created differently from other forms of loan. Among its major differences to other money lending system is the significantly lower rate of interest. The student is not also required to make monthly payments or to pay off the entire amount of loan until he finishes his course. This is such a big help for students who have a hard time budgeting their finances.A student loan is indeed great for students who are financially incapable to fund their way through college. This allows them to go to school without worrying about their college expenses and without being troubled about the loan payments as the loan will only be due after they have graduated and find a stable employment. This is really of great help these days especially because tuitions fees and other expenses associated with finishing college are considered to be rather high. The loan will have to cover miscellaneous fees, food, lodging and any other activities related to school that require funds.However, you have to know that there are qualifications for you to avail of the student loan. Your entire personal background including the level of your income and the level of income of your parents will have to be checked. Students who are actually capable of paying their tuition fees are of course not permitted to apply for the loan as there are several deserving students who are in dire need of money. If you are financially capable, then it is best if you give others the chance to avail of this loan. But if you are really in a difficult financial condition, then you are advised to find the best institution that can offer you the best loan with the lowest rate. Through this, you are giving yourself a chance to finish college despite your financial condition.