Does the distribution of scholarships over 3yrs matter? 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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KobetheGOAT

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Does the distribution of scholarships over 3yrs matter?

Post by KobetheGOAT » Tue Apr 26, 2016 12:47 pm

For example, a school is offering me $60k. But if instead of dividing it up evenly over 3 years, they front load the amount, is that advantageous/disadvantageous to me in any way? Any insight would be appreciated. Thanks!
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GreenEggs

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Re: Does the distribution of scholarships over 3yrs matter?

Post by GreenEggs » Tue Apr 26, 2016 12:48 pm

It's definitely advantageous. Interest starts accruing as soon as the loan is disbursed. If your loans are coming in on the backend, you have less interest
Last edited by GreenEggs on Fri Jan 26, 2018 9:31 pm, edited 1 time in total.
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KobetheGOAT

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Re: Does the distribution of scholarships over 3yrs matter?

Post by KobetheGOAT » Tue Apr 26, 2016 1:40 pm

Ah, that makes sense. Thanks!
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juliuscasear90

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Re: Does the distribution of scholarships over 3yrs matter?

Post by juliuscasear90 » Tue Apr 26, 2016 1:43 pm

Also advantageous if you transfer. But make sure they don't take it away if your transfer.
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