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Message
Where should I apply for Student Loans for my MBA? Need help...
Posted on 12/22/15 at 10:16 am
Posted on 12/22/15 at 10:16 am
I have never done student loans before and I need to get this done ASAP.
Questions:
Where should I look to get the best rates? (is the federal government a good option?)
How easy is this process?
Is the interest put on hold until after graduation or does it start to accrue immediately?
FWIW, I will be about 14k in debt after my company helps reimburse me.
Questions:
Where should I look to get the best rates? (is the federal government a good option?)
How easy is this process?
Is the interest put on hold until after graduation or does it start to accrue immediately?
FWIW, I will be about 14k in debt after my company helps reimburse me.
5
Posted on 12/22/15 at 10:23 am to TheCaterpillar
Not sure about the other questions, but yes, interest will begin to accrue immediately.
Posted on 12/22/15 at 10:46 am to TheCaterpillar
Are you ineligible for merit aid because your company is paying for most of it? There's more merit aid than you would think.
Interest isn't put on hold after graduation.
Interest isn't put on hold after graduation.
Posted on 12/22/15 at 10:50 am to TheCaterpillar
I'd simply contact the financial aid division of the university and let them talk you through the process. Our youngest does this for a living with Liberty University and was very helpful to us as we worked our way through the maze of options (public versus private)
Posted on 12/22/15 at 10:52 am to TheCaterpillar
quote:
Where should I look to get the best rates? (is the federal government a good option?)
By the end of grad school, the feds were the only ones offering loans. I'm not sure to what degree that has changed, but most of the fed loans will have rates >6%. If you can find a private lender with better terms, go for it, but I don't know where to look. To apply for Fed loans, start here, start a new application, and see what they offer you.
quote:
How easy is this process?
Painful with the first loan (sometimes), much easier each subsequent semester.
quote:
Is the interest put on hold until after graduation or does it start to accrue immediately?
Immediately, and any payments you make towards it can be applied on your taxes. You will get notifications saying you owe interest, and you will be required to pay it unless you request forbearance b/c you're currently attending school. If you can afford it, pay the interest as you go.
Posted on 12/23/15 at 9:30 am to TheCaterpillar
Check out Chase private student loans. They have a special category for Graduate programs. I used them for a portion of undergrad costs.
LINK
LINK
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