Try to land a job as a student worker. It's for the most part painless and you can get some better tuition payments since you work for the place that's charging quite a bit for you.
For the most part, A private student loan contract varies from company to company and they should provide all the details if you ask for them. For the most part, it will work in this way:
You take out a certain amount of money for your college tuition. Normally, it will be a check for a certain amount of money that could be spent on anything (assume responsibility and don't blow it on partying and junk items). Just remember that the more you borrow to live a more comfortable life, the more they will squeeze out of you in the ende.
You will not have to worry about bills so long as your a full time student (defined by your college). Once you graduate, the loaner will expect you to start paying off your loan immediately. Likewise, if you flunk out of the college, they will expect you to start paying off your loan immediately regardless of your status. If you choose to take out a loan, it would be in your best interest to not suck at your academics.
PAY PAY PAY attention to the APR ratings. APR will kick in every month you are billed for you loan. The more you can pay per month, the more you can avoid having to pay extra.
If you do take out a loan, you will have to develop some strong restraint with spending cash, no matter if it's for shiny computers, shiny watches, or a fast food combo meal every day. You'll have to find creative ways to save up your cash. You have four years to create the buffer when they drop the hammer of how much you owe.
[Edited by Neo7, 4/21/2009 8:34:58 PM]