UVA Class of 2012 Forum

[showNprove]

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[RTF]

Hey showNprove, haven't seen you in a while. I realize it's a little late, but how bout those heels!

[iceberger]

So we get to use our loan money to pay our loan interest? Yay.

Is that really how it works? haha, sorry i'm not that up on the process.

[thesealocust]

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[hotburrito]

So we get to use our loan money to pay our loan interest? Yay.

Is that really how it works? haha, sorry i'm not that up on the process.

yeah i pretty much have no clue how this all works

[Cavalier]

Theoretically, if you were to use the 8.5K of subsidized stafford loans to make payments on unsubsidized loans, you'd save money... but the circumstances under which you would be able to pull that off would be strange indeed, lol.

Are you sure? If you used subsidized loans to make payments on unsubsidized loans, then you would have less subsidized loans to use towards tuition, which would mean you'd need more unsubsidized loans. I think it would come out the same.

[RVP11]

Theoretically, if you were to use the 8.5K of subsidized stafford loans to make payments on unsubsidized loans, you'd save money... but the circumstances under which you would be able to pull that off would be strange indeed, lol.

Are you sure? If you used subsidized loans to make payments on unsubsidized loans, then you would have less subsidized loans to use towards tuition, which would mean you'd need more unsubsidized loans. I think it would come out the same.

*head explodes*

[gladiator]

After a while you become numb to your 6 figure debt.

[iceberger]

After a while you become numb to your 6 figure debt.

it just doesn't seem like real money looking at it all there in SIS

[jdn012]

Theoretically, if you were to use the 8.5K of subsidized stafford loans to make payments on unsubsidized loans, you'd save money... but the circumstances under which you would be able to pull that off would be strange indeed, lol.

Are you sure? If you used subsidized loans to make payments on unsubsidized loans, then you would have less subsidized loans to use towards tuition, which would mean you'd need more unsubsidized loans. I think it would come out the same.

*head explodes*

+1, yeah - that made my head spin.

[applepie]

so...looking at all the lender choices and doing some preliminary googling I dont think there is much of an advantage with going with one over the other

the 4 I looked at all offered the same repayment benefits (.25% with autopay haha)

someone let me know if they stumble across a lender that offers an "up front" benefit rather than ones during repayment

oh and thanks seal for getting me through a minor freak out...i seemed to have forgotten what Grad Plus was when I opened my award. sticker shock i suppose

[thesealocust]

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[geoffree]

Boo interest!

Sealocust, I thought someone else around here had that avatar, and I guess it wasn't you since you said it was new. I finally tried a Chipotle burrito and I wasn't THAT impressed.

[Cavalier]

I finally tried a Chipotle burrito and I wasn't THAT impressed.

Blasphemy!

[CE2JD]

Meh, I think they're better than Rubios.

[CE2JD]

So... I still don't have any finaid info up yet on SIS. Anybody else who applied ED still waiting?

[showNprove]

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[a.williams]

Hey showNprove, haven't seen you in a while. I realize it's a little late, but how bout those heels!

U-N-C! Go, Heels! Go!

And thesealocust, that chart makes my head hurt. I don't want to go through the accounting, so how is it that the total debt on graduation is $25k higher than the total cost?

accumulated interest ... and the chart hurt my head too

[vamedic03]

Boo interest!

Sealocust, I thought someone else around here had that avatar, and I guess it wasn't you since you said it was new. I finally tried a Chipotle burrito and I wasn't THAT impressed.

Perhaps you had a fever or were sick... I can't believe someone would be unimpressed by Chipotle

btw - zazu's over off of rt 250 near university heights is worth hitting up for alternative burritos (thai, bbq, etc.)

[thesealocust]

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[showNprove]

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[thesealocust]

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[iceberger]

If you make a $10,000 payment before your 3rd year you wind up saving $850 in the amount due at graduation, but early payments can also shorten the term or individual payments.

Out of State: $223K due at graduation
In State: $206K due at graduation ($15K in total savings = $2K in saved interest, an increasing amount of savings if you shorten the loan term).

Can you not achieve in-state status after your 1L year?

[RVP11]

If you make a $10,000 payment before your 3rd year you wind up saving $850 in the amount due at graduation, but early payments can also shorten the term or individual payments.

Out of State: $223K due at graduation
In State: $206K due at graduation ($15K in total savings = $2K in saved interest, an increasing amount of savings if you shorten the loan term).

Can you not achieve in-state status after your 1L year?

Marrying a Virginian is the only way, I believe. Once you start attending as a non-resident you're pretty much locked in.

[gladiator]

If you make a $10,000 payment before your 3rd year you wind up saving $850 in the amount due at graduation, but early payments can also shorten the term or individual payments.

Out of State: $223K due at graduation
In State: $206K due at graduation ($15K in total savings = $2K in saved interest, an increasing amount of savings if you shorten the loan term).

Can you not achieve in-state status after your 1L year?

Marrying a Virginian is the only way, I believe. Once you start attending as a non-resident you're pretty much locked in.

Yea, definitely do not bet on getting in-state tuition.