Grad Plus loan vs. Student Loan from bank Forum

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
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bsm909

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Grad Plus loan vs. Student Loan from bank

Post by bsm909 » Wed Mar 23, 2011 3:31 pm

Can anyone give pro's and cons of going with either Grad Plus loans or one from a bank?
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aliarrow

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Re: Grad Plus loan vs. Student Loan from bank

Post by aliarrow » Wed Mar 23, 2011 3:36 pm

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Last edited by aliarrow on Fri May 13, 2011 11:51 am, edited 1 time in total.
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zonto

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Re: Grad Plus loan vs. Student Loan from bank

Post by zonto » Wed Mar 23, 2011 4:05 pm

The financial aid rep. I spoke with at BU about this same issue agrees with aliarrow. Your interest rate will almost always be higher as well.
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bsm909

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Re: Grad Plus loan vs. Student Loan from bank

Post by bsm909 » Wed Mar 23, 2011 4:54 pm

Good to know! Thanks to both of you!

This whole thing is making me paranoid. I still can't believe there aren't more scholarships out there for law students!
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aliarrow

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Re: Grad Plus loan vs. Student Loan from bank

Post by aliarrow » Wed Mar 23, 2011 5:06 pm

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Last edited by aliarrow on Fri May 13, 2011 11:51 am, edited 1 time in total.
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nelaw2010

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Re: Grad Plus loan vs. Student Loan from bank

Post by nelaw2010 » Wed Mar 23, 2011 5:10 pm

Never do private student loans!!!!!
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