Bar Study Loans- Grad Plus or Private?

[AJS30]

If one still have the availability of taking out extra money in Grad Plus Loans, should they do this instead of taking out a private loan? From the reading I have done I feel like taking from the Grad Plus I have available makes more sense, but maybe I'm not understanding correctly. I only plan to take $3,000-4,000. Any advice would be appreciated.

[A. Nony Mouse]

That's what I did (I hadn't maxed out my GradPLUS loans for spring semester so I took some more to pay for the bar). My understanding is that the benefit is that it becomes part of your federal loans, eligible for loan repayment plans like PAYE. The downside is that depending on your credit score you may be able to get a much better interest rate on a private loan. It might depend on what employment you have lined up and when you think you could pay it all off?