What if the aid is not sufficient and I have to take out a loan to pay for schooling?
If you have to take out a loan you should pay special attention to the terms and conditions of private loans so that you understand what your obligations would be. You should read up about federal versus private loans.
What is meant by net costs for schooling?
The net cost is the amount you will have to pay out of your pocket by way of loans or using your earnings from work.