This brief pamphlet is a financial planning and repayment guide designed to help college students make informed decisions about participating in Federal Family Educational Loan Programs as administered in California through the California Student Aid Commission. Following an introduction the guide begins by suggesting that students map out a financial plan including key issues to consider, other options to explore, and the responsibilities involved in taking a loan. Student rights and responsibilities are listed and the various Federal Family Educational Loan Programs are described. These include the Stafford Student Loans, Unsubsidized Stafford Loans, Federal Supplemental Loans for Students, Parent Loans for Undergraduate Students, and the Consolidation Loan Program. Worksheets for planning student loan repayment and budgeting are included along with a table of estimated entry level annual salaries. Final sections provide: a discussion of initiating student loan repayment (includes information on selling and transferring loans), a list of lenders in California, a glossary of terms, and a checklist of issues for student borrowers. (JB)