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rinkrat19
- Posts: 13922
- Joined: Sat Sep 25, 2010 5:35 am
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03152016
- Posts: 9180
- Joined: Wed Dec 21, 2011 3:14 am
Re: How do I take a loan for COL? (w/out cosigner)
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)
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)
