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?
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.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
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.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.