<human>: I'm a freshman at UW-Madison right now. Residence in Connecticut, which means I have to pay out-of-state tuition. For the spring semester, I'm going to have to take out a loan to be able to pay that tuition. I already have a $5500 loan from the government. I've been really freaking out about this over the past couple of weeks. I know we've all heard what a bitch student loans are, especially after you graduate. I don't want to live in debt for decades, and I don't want loan payments to hinder me. I've been seriously considering transferring to UCONN so that I can get in-state discount tuition, even though I love it here at Madison. Basically, I'd just like to know exactly what having loans and paying them back is like.

Can you provide a brief overview of the text?
<bot>: Thinking about transferring to UCONN so I can get in-state tuition because I'm freaking out about loans. How bad are they, actually?