While grants and scholarships are great when (and if) you can get them, they will often fall short of covering the cost of a year of college. So each year, many students and/or their families take out loans to make up the difference. In some cases, students may not qualify for grants, as in graduate or professional schools, and must borrow money to finance the entirety of their educations. FrugalDad.com can help you explore the costs and benefits of going into debt to finance an education, what loan programs are out there and other loan related issues such as repayment and consolidation.