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… within the LACCD. Check with your college's Financial Aid Office. … Student Loans (Aid that you must pay back) … A caution about student loans – It takes time for a loan application to be processed by the school, lender, and/or the U.S. Department … be repaid. You are obligated to repay the principal plus interest. We urge all first-time borrowers to spend time learning about the loan process and their responsibilities so that they can make informed choices about their education. If you borrow federal student loans, you can track your loans through the Federal Student Aid Student …