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Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
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10052014

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Post by 10052014 » Sun Sep 28, 2014 6:29 pm

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Last edited by 10052014 on Sat Oct 04, 2014 11:28 pm, edited 1 time in total.

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rinkrat19

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Re: How do I take a loan for COL? (w/out cosigner)

Post by rinkrat19 » Sun Sep 28, 2014 6:30 pm


03152016

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Re: How do I take a loan for COL? (w/out cosigner)

Post by 03152016 » Mon Sep 29, 2014 5:48 pm

unless you're in default on a federal student loan, chances are you qualify for a grad plus loan
you can borrow up to the full cost of attendance minus any aid you get from the school
this includes cost of living expenses

remember that grad plus loans carry significant fees and interest higher than most ug loans
you should run the numbers and see when and how much you want to pay down your ug loan
in my case, i stopped paying down my ug debt at a certain point before LS to put money in savings, reducing the amount i'd have to borrow for COL (at higher interest and with 4.3% fees)

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