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Does the distribution of scholarships over 3yrs matter?
Posted: Tue Apr 26, 2016 12:47 pm
by KobetheGOAT
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!
Re: Does the distribution of scholarships over 3yrs matter?
Posted: Tue Apr 26, 2016 12:48 pm
by GreenEggs
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
Re: Does the distribution of scholarships over 3yrs matter?
Posted: Tue Apr 26, 2016 1:40 pm
by KobetheGOAT
Ah, that makes sense. Thanks!
Re: Does the distribution of scholarships over 3yrs matter?
Posted: Tue Apr 26, 2016 1:43 pm
by juliuscasear90
Also advantageous if you transfer. But make sure they don't take it away if your transfer.