Grad Plus vs Private Loans

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
Studybuddy17
Posts: 123
Joined: Mon Mar 20, 2017 9:38 am

Grad Plus vs Private Loans

Postby Studybuddy17 » Tue Jun 27, 2017 7:13 pm

I'm sure that this has been asked hundreds of times but I haven't been able to find clear, up-to-date information on this. As someone who does not currently plan on working in public interest, is there any benefit to financing COL with federal Grad Plus loans as opposed to private? This is besides the 20,500 that I will be taking out in Direct Unsubsidized loans.
Thanks!

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A. Nony Mouse
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Joined: Tue Sep 25, 2012 11:51 am

Re: Grad Plus vs Private Loans

Postby A. Nony Mouse » Tue Jun 27, 2017 8:18 pm


Studybuddy17
Posts: 123
Joined: Mon Mar 20, 2017 9:38 am

Re: Grad Plus vs Private Loans

Postby Studybuddy17 » Tue Jun 27, 2017 9:22 pm

A. Nony Mouse wrote:http://top-law-schools.com/forums/viewtopic.php?f=15&t=277938

Thanks!

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studentloanplanner
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Joined: Thu Dec 22, 2016 6:01 pm

Re: Grad Plus vs Private Loans

Postby studentloanplanner » Mon Sep 11, 2017 11:47 pm

Studybuddy17 wrote:I'm sure that this has been asked hundreds of times but I haven't been able to find clear, up-to-date information on this. As someone who does not currently plan on working in public interest, is there any benefit to financing COL with federal Grad Plus loans as opposed to private? This is besides the 20,500 that I will be taking out in Direct Unsubsidized loans.
Thanks!


If you're going Big Law and could easily pay it off then yes I would. There are nuances like different origination fees with private lenders, but all are lower than Grad Plus.

Look to the APR as that would include all fees and charges and could be compared more easily to Grad Plus + the 4.27% origination fee.




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