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Grad Plus vs Private Loans
Posted: Tue Jun 27, 2017 7:13 pm
by Studybuddy17
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!
Re: Grad Plus vs Private Loans
Posted: Tue Jun 27, 2017 8:18 pm
by A. Nony Mouse
Re: Grad Plus vs Private Loans
Posted: Tue Jun 27, 2017 9:22 pm
by Studybuddy17
Re: Grad Plus vs Private Loans
Posted: Mon Sep 11, 2017 11:47 pm
by studentloanplanner
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.