Share post
Share
Debt Consolidation Forums Student Loans and Education Debt forums

Question Regarding Law School Loans

Date: Thu, 10/26/2017 06:32
member profile picture
Posts: 1
Credits: 0
[Donate]

Hello all,

I am currently in a dual program (JD and Master’s in Public Administration). This is the first time in my educational career that I needed to accept loans. In my undergraduate I received grants and scholarships to pay for school. Last year, I accepted Grad Plus loans and unsubsidized direct loans. I have three years left of grad school. I am currently in a contemplating on accepting either the grad plus loan or unsubsidized direct loan or only one. The program is 15,000 all year.

What do you recommend I do to minimize the cost of loans? I want to accept only part of the loans, but I am unsure which loan to choose?

Thank you very much.








Borrow unsubsidized direct loans. The interest rates on Graduate PLUS loans are higher than unsubs.

Mod note. Sub and unsub loans have a cap as to how much you can borrow. Use the unsub portion first and then supplement it with the grad plus loans.

Sub: #1 posted on Mon, 10/30/2017 - 05:54

Barbara Delinsky Barbara Delinsky

(Posts: 331 | Credits: )

Attachment
More information
  • Files must be less than 500 MB.
  • Allowed file types: txt pdf jpg jpeg png.


DebtConsolidationCare (IAPDA member)
Inter Next Technologies, Inc., Internet Marketing Services, Reno, NV
Connect With Us
About Us | Contact Us | Privacy Policy
Copyright © 2018 DebtConsolidationCare | 301 W. 11th Street Unit E, Reno, NV, 89503, United States
* Disclosures:
  1. By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  2. Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
  3. Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  4. Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  5. The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
Page loaded in 0.777 seconds.