<prompt> Human: Background. All my tuition has been covered so far through a military stipend. I started college in the Fall of 2015 with about 18,000 dollars saved for room, board, and anything else needed through my college career. I also have been working a part time retail job 2-3 days a week. Currently make about 200ish dollars a month doing that give-or-take a few. I ONLY HAVE ONE YEAR OF SCHOOL LEFT PRAISE THE LORD!!! But am going to need financial assistance to get me through it.Essentially Ive run some numbers and believe my loan is going to be around the 8,000 mark. I know absolutely nothing about loans and really would like some help at where to begin. I currently just got paid, and have 600 left in my bank account. I dont know how quickly loans process but id rather not wait to much longer.Ive started doing some research online and there seem to be so many different ways to go and so many variables. Everything helps!Thanks guys!Assistant: Only take out federal student loans, not private loans. The forgiveness rules are currently in flux but I imagine something more sane will return and you may have options for loan forgiveness down the road if you stick to federal loans only.I believe they havent taken income based repayment away so when you get down with the school elect for that. Human: Thanks!forgiveness rules are currently in flux What does this mean?  <response>: This sub has very tight rules for political discussions but regardless you are better off with federal loans rather than private loans. Generally speaking. Income based repayment will allow you to be in compliance with your loans and attach the rate you repayment to your salary. Federal loans can often be deferred if you lose your job or go back to school, etc. Private student loans cannot. 