When you realize you will have to take out loans to finance your college education, your best bet is to take out Federal loans because you are afforded protections that you are not otherwise granted with private loans. http://www.magnifymoney.com/blog/college-students-and-recent-grads/7-things-need-know-private-student-loans580202024
Chores, Allowance, and "Above and Beyond" Tasks - The Simple Dollar "Their role in that is their chores. It’s simply expected that there are certain things that they do as part of living at home. It’s not tied to allowance."